Mutual Life-Assurance Company

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Mutual Life-Assurance Company

A life insurance company owned by its own policyholders. That is, policyholders elect the board of directors, and profits, if any, are distributed to policyholders each year in proportion to their individual exposures to the company. Many insurance companies are structured in this way.
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On 7 October 2010, EcoLife, a partnership between Trustco Mobile, First Mutual Life Assurance Company (Pty) Limited and Econet Wireless (Private) Limited, was launched all across Zimbabwe.
NYSE: APY), Citizens Corporation (NYSE: CZC), First Allmerica Financial Life Insurance Company (formerly State Mutual Life Assurance Company of America) and Allmerica Financial Life Insurance and Annuity Company (formerly SMA Life Assurance Company).
Best has affirmed the financial strength rating of A (Excellent), the ICR of "a" and the debt rating of Old Mutual's subsidiary, Old Mutual Life Assurance Company (South Africa) Ltd.
Best also believes that the underlying financial performance of Old Mutual's European and South African subsidiaries remains robust, particularly Old Mutual Life Assurance Company (South Africa) Ltd, which, despite its 20% profit decline in 2008, remains the single largest profit contributor to the group.
Army as a Chaplain's assistant he went to work for State Mutual Life Assurance Company of America.
He joined State Mutual Life Assurance Company in 1946 as a security analyst, also attending night classes at Boston University, earning an MBA degree in 1951.
The company's initial public offering is concurrent with the conversion of State Mutual Life Assurance Company of America from a mutual life insurance company to a subsidiary of Allmerica Financial, a stockholder-owned life insurance holding company.
Best has placed all debt ratings of Old Mutual and Old Mutual Life Assurance Company (South Africa) Limited under review with negative implications.
Roger joined State Mutual Life Assurance Company in 1959 as a health underwriter and became sales representative and financial planner in 1962.
5 /PRNewswire/ -- A New York man pleaded guilty today to federal conspiracy and mail fraud charges arising out of a scheme to defraud State Mutual Life Assurance Company of Worcester, Massachusetts.
86, formerly of Holden, and a resident of Blaire House, Worcester, a World War II veteran and retired Assistant Vice President of State Mutual Life Assurance Company of America, died on Tuesday, March 9, 2010 in UMass Memorial Healthcare, Worcester after a brief illness.
June 30 /PRNewswire/ -- Policyholders of State Mutual Life Assurance Company of America at a special meeting today overwhelmingly approved the company's plan to convert from a mutual insurance company to a stock insurance company.
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