A company whose profits are distributed in proportion to the amount of business...
Policyowners own the insurance company. Overall net earnings and savings are distributed as dividends to the policyowners. There are no stockholders.
A life insurance company that has no capital stock or stockholders, is owned by its policyowners, and is managed by a board of directors chosen by the policyowners. Any earnings in addition to those necessary for the operation of the company are returned to the policyowners in the form of policy dividends. (For contrast, see: stock company.)
a company not owned by the share holder or stock holder, but by the policy owners
a company without shareholders and share capital
a corporation that has no shareholders
A company that has no shares but is owned by policyholders or members for example building societies, friendly societies or co-operatives.
Insurance company owned by its policyholders. The policyholders share in profits made by the company through dividends or reductions in future premiums.
An insurance company owned by the policyholders.
A mutual company is owned by members who receive profits according to the volume of business they do with the company. Only insurance companies are allowed to become mutual companies, which comprise policyholders who vote for directors and trustees and are entitled to receive dividends or rebates on future premiums. Policyholders automatically become shareholders. The majority of life insurers have adopted this type of corporate structure. While publicly traded companies can issue new shares to raise funds at low cost, mutual companies are only allowed to issue subordinated loans or raise other types of funds that need to be repaid eventually. Mergers are also much more difficult than for publicly traded firms. To overcome this obstacle, the government amended the Insurance Business Law in 2000 to facilitate the transformation of mutual companies into publicly traded firms, in a bid to promote reorganization in the insurance industry.
A life and health insurance company owned by policyholders rather than stockholders.
A co-operative insuring association organized and owned by its shareholders.
a life insurance company owned by the policyholders rather than by stockholders. Return
A private company whose ownership is based through its customers.
An insurance company organized for the mutual protection and benefit of its members and others who have beneficial interests in insurance policies and annuity contracts issued by the company. Its members are the policyowners who hold insurance policies or annuity contracts issued by the company. Policyowners share in the company's financial success by receiving policy dividends. They also participate in the election of the board of directors. A mutual company has no stockholders.
