Demutualization (stocking A Mutual)
Definition of "Demutualization (stocking a mutual)"
Conversion of form of ownership from a mutual insurance company to a stock insurance company. Interest in demutualization of life insurance companies surged in the early 1980s among many large mutual companies because they felt they needed new sources of capital to compete in the financial services revolution.
Popular Insurance Terms
Coverage for items of property being delivered to a customer. The means of transportation covered include such common carriers as aircraft, railroads, trucks, express carrier, and other ...
Individual who sells and services insurance policies in either of two classifications: Independent agent represents at least two insurance companies and (at least in theory) services ...
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Time interval during which policy is in force. ...
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