stock company
The term stock company refers to an insurance company that has, in addition to surplus and reserve funds, a capital fund paid in by stockholders.
stock company
The term stock company refers to an insurance company that has, in addition to surplus and reserve funds, a capital fund paid in by stockholders.
Additional Information
Shares of stock companies are usually traded on one of the organized stock exchanges. A stock company is distinct from mutual or cooperative companies, which have no stockholders.
