* A mutual holding company allows a previous mutual insurer to transition into a stock insurance company
, wholly owned by the new mutual holding company, while maintaining critical policyholder rights.
Founded in 1988 as an insurance specialist (it was China's first joint stock insurance company
), Ping An stands today as a fully integrated, compact, multifunctional financial services group whose core activities center on insurance, banking and investment.
"When a mutual holding company is created, policyholders receive neither cash nor stock of the new stock insurance company
," said Joseph M.
While Lemonade's parent company might be a B Corp, its insurance company is a standard stock insurance company
is a stock insurance company
within the Eli Global group of companies with 100% of the stock owned by Southland National Holdings, LLC.
Open joint stock insurance company
Alskom launched an electronic shop to implement insurance policies.
What's the difference between a mutual insurance company and a stock insurance company
? What's key person insurance?
The cost of this advantage, however, is a worsened incentive problem between the owners and managers of the firm as compared to the stock insurance company
. If the costs of controlling management in mutual companies are higher than in stock firms, then mutual firms should be more prevalent in lines of business where management exercises little discretion as compared with stock insurance companies (Mayers and Smith, 1988).
The nation's largest African American-owned, privately-held stock insurance company
and one of the nation's foremost insurance groups have formed a strategic alliance, and it spells success.
After termination, the mutual insurance company became a stock insurance company
. The insurance company wrote to Employer that insurance company stock had been issued to Employer on the defined benefit plan's behalf.
State laws generally recognize that control of a stock insurance company
is held by any person or group of persons acting in concert who hold more than 10 percent of the outstanding stock.(7) If company managers are able to structure the plan of conversion so that they (and those acting in concert with them) obtain control by purchasing the shares of unsuspecting shareholders at a discount, they are well positioned to "auction" the company to the highest bidder for personal benefit.
plans to change its status from a mutual insurance company owned by policyholders to a stock insurance company
owned by shareholders in April 2002 and to then seek a listing, company officials said Tuesday.