stock insurance company

noun

Definition of stock insurance company

: an insurance company with capital contributed by stockholders who control its operations and reap any profits or sustain any losses which may result therefrom and with policies that are ordinarily nonparticipating and always nonassessable

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Cite this Entry

“Stock insurance company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/stock%20insurance%20company. Accessed 26 Nov. 2021.

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