old line insurance company
An old line insurance company is a nonfraternal life insurance company that operates on a legal reserve basis.
Additional Information
The term "old line insurance company" grew from the early competition between "new" fraternal life insurance companies and the commercial life insurance companies, which referred to themselves as old line legal reserve companies. Most fraternal life insurance companies now also operate on a legal reserve basis.
Summary
Synonyms
old line legal reserve company
