Exam term
Stock insurer
An insurer owned by stockholders who supplied its capital. Profits can be paid to stockholders as dividends, and its policies are typically nonparticipating: policyholders are customers, not owners.
Exam term
An insurer owned by stockholders who supplied its capital. Profits can be paid to stockholders as dividends, and its policies are typically nonparticipating: policyholders are customers, not owners.