stock insurance company

  • A carrier owned by shareholders whose ownership is evidenced by shares of stock. Shareholders control the company and participate in any surplus remaining from the premium and investment income after the insurance losses and costs of doing business have been paid.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).