Stock Insurance Company
/ˈstɒk ɪnˈʃʊərəns ˈkʌmpəni/
Definitions
- (n.) A corporation that issues insurance policies and is owned by its shareholders who invest capital in exchange for stock.
The stock insurance company declared dividends to its shareholders this fiscal year.
Forms
- stock insurance company
- stock insurance companies
Related terms
See also
Commentary
A stock insurance company differs from a mutual insurance company primarily in ownership structure and profit distribution; drafters should specify 'stock' to clarify shareholder ownership in legal documents.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.