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LSDefine

Simple English definitions for legal terms

stock insurance company

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A quick definition of stock insurance company:

A stock insurance company is a type of corporation that sells insurance policies to individuals or businesses. The company is owned by shareholders who invest money in the company and share in its profits and losses. The company's main goal is to make a profit by collecting premiums from policyholders and paying out claims when necessary. This is different from a mutual insurance company, where policyholders are also owners of the company and share in its profits. A stock insurance company primarily focuses on making money for its shareholders.

A more thorough explanation:

A stock insurance company is a type of corporation or association that issues insurance policies. It is owned by stockholders who share in the company's profits and losses. The company operates as a private corporation and is not owned by its policyholders.

  • Mixed insurance company: This type of insurance company has characteristics of both stock and mutual companies. It distributes part of the profits to stockholders and also makes distributions to the insureds.
  • Mutual insurance company: This type of insurance company has policyholders who are both insurers and insureds. They pay premiums into a common fund, from which claims are paid. The policyholders are the owners of the company, as opposed to a stock insurance company owned by outside shareholders.
  • Stock life-insurance company: This is a type of stock insurance company that does life-insurance business.

These examples illustrate the different types of insurance companies and how they operate. A mixed insurance company combines the features of both stock and mutual companies, while a mutual insurance company has policyholders who are also owners of the company. A stock life-insurance company is a type of stock insurance company that specializes in life insurance.

stockholder's liability | stock issue

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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
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