Domestic stock insurer
A stock insurer is an insurance company that operates on the money from the shares held by its stockholders. Its financial aim is to turn out profits for those stockholders through the distribution of dividends. A foreign insurer may become a domestic insurer under the provisions of Article 11 (§ 13.1-705 et seq.) or Article 12 (§ 13.1-715.1 et seq.) of Chapter 9 of Title 13.1. Except as otherwise provided in this title, domestic stock insurers shall be subject to all the general restrictions and shall have all the general powers imposed and conferred by law. 2. A domestic stock insurer which files with the United States Securities and Exchange Commission forms of proxies, consents and authorizations which comply with the requirements to the Securities Exchange Act of 1934 as amended, (15 U.S.C. §§ 77a, et seq.), and applicable regulations, Organization of domestic insurers: Chapter 48.06 RCW. Superadded liability of shareholders of domestic stock insurance companies: State Constitution Art. 12 § 11. Site Contents Selected content listed in alphabetical order under each group Let Your Voice Be Heard Come to the Legislature
31 Oct 2019 This rule is applica- ble to each domestic stock insurer which has any class of equity security held by record by one hundred (100) or more
2. A domestic stock insurer which files with the United States Securities and Exchange Commission forms of proxies, consents and authorizations which comply with the requirements to the Securities Exchange Act of 1934 as amended, (15 U.S.C. §§ 77a, et seq.), and applicable regulations, Organization of domestic insurers: Chapter 48.06 RCW. Superadded liability of shareholders of domestic stock insurance companies: State Constitution Art. 12 § 11. Site Contents Selected content listed in alphabetical order under each group Let Your Voice Be Heard Come to the Legislature Every beneficial owner, director, or officer of a domestic stock insurer shall file in the office of the department within ten days after he becomes a beneficial owner, director, or officer a statement, in a form the director or his designee may prescribe, of the amount of all equity securities of the insurer which he beneficially owns. Demutualization is the process by which policyholders became stockholders and the company’s shares begin trading on a public stock exchange. By becoming a stock company, insurers are able to unlock value and access capital, allowing for more rapid growth by expanding their domestic and international markets. Upon the petition of the domestic stock insurer or controlling company, the circuit court for the county in which the principal office of such domestic stock insurer is located may, without limiting the generality of its authority, order the issuance or entry of an injunction or other order to enforce the provisions of this section.
ulation is applicable to each domestic stock insurer which has any class of equity security held of record by one hundred or more persons; provided, however, that this regulation shall not apply to any insurer if ninety-five percent or more of its equity securities are owned or controlled by a parent or an
Domestic & General Insurance PLC. Domestic & General Insurance PLC offers domestic appliance breakdown insurance and pet insurance. The Company offers insurance throughout the United Kingdom. ulation is applicable to each domestic stock insurer which has any class of equity security held of record by one hundred or more persons; provided, however, that this regulation shall not apply to any insurer if ninety-five percent or more of its equity securities are owned or controlled by a parent or an 1. A domestic stock insurer shall not pay any cash dividend to stockholders except out of that part of its available and accumulated surplus money otherwise unrestricted and derived from realized net operating profits and realized and unrealized capital gains. 2. A stock dividend may be paid out of any available surplus. Upon payment of such a dividend the insurer shall transfer to its paid-in capital stock accounts money equal to the aggregate of the par values of the shares so distributed. A 1998 NAIC publication on MIHC reorganizations stated, “As of August 1998, 21 states and the District of Columbia had passed legislation allowing their domestic mutual insurance companies to reorganize by forming a MIHC and converting the mutual insurer into a stock corporation. The converted stock insurer [became] a wholly owned subsidiary of the MIHC or a new intermediate stock holding company. An intermediate stock holding company is typically formed to facilitate the IPO and may hold Domestic stock funds offer exposure to the world’s largest, most liquid equity market, and can give investors the ability to own stocks in some of the world’s most successful companies.
1. A domestic stock insurer shall not pay any cash dividend to stockholders except out of that part of its available and accumulated surplus money otherwise unrestricted and derived from realized net operating profits and realized and unrealized capital gains. 2. A stock dividend may be paid out of any available surplus. Upon payment of such a dividend the insurer shall transfer to its paid-in capital stock accounts money equal to the aggregate of the par values of the shares so distributed.
A stock insurer is a publicly-traded insurance company that is owned and controlled by a group of stockholders whose investment in the company provides the AN ACT to revise, consolidate, and classify the laws relating to the insurance CHAPTER 55 DOMESTIC STOCK INSURER DIVISION (500.5500500.5517). Title XXXVII INSURANCE. Chapter 625. ACCOUNTING, INVESTMENTS, AND DEPOSITS BY INSURERS Entire Domestic stock insurers; equity securities. Where applicable to insurers without capital stock, references in ORS chapter 60 to Any person or persons desiring to organize a domestic stock insurer shall,
A domestic insurer is one that sells insurance in the same state that it was Mutual insurance companies cannot raise money by issuing stock, but they can
Domestic stock funds offer exposure to the world’s largest, most liquid equity market, and can give investors the ability to own stocks in some of the world’s most successful companies. Domestic stock insurers must meet paid-in surplus requirements and Capital stock requirements. As a solvency regulation requirement, U.S. insurers are required to report investment values to the As part of a liberalization of the investment authority of life insurance companies, 1993 N.Y. Laws 567, the Legislature made certain changes in the corporate governance of domestic stock life insurers. One of the changes was a requirement that such companies have at least 1/3 "independent" directors, N.Y. Ins. Law § 48-a (McKinney 1984). Since this change was to take effect on December 31, 1984, the recodification of the New York Insurance Law, 1984 N.Y. Laws 367, enacted this section as N ANNUAL INFORMATION STATEMENT (STOCK OR MUTUAL INSURER) AIS (Rev. 05/2019) affiliated with a nonadmitted insurer or reciprocal insurer) providing for the nonadmitted entity to service (e.g., adjust or pay losses, collect premiums, issue policies, arrange reinsurance, etc.)
Check if it has never been amended. (For domestic insurers only). Is your company writing any classes of insurance in other states for which you are not licensed EQUITY SECURITIES OF A DOMESTIC STOCK INSURANCE COMPANY REPEALED · CHAPTER 482-1-046 INSURANCE- REBATES-TRADING STAMPS 607 State life insurance fund. 609 Defined network plans. 610 Insurers in general . 611 Domestic stock and mutual insurance corporations. 612 Town mutuals. A Simple Model to Predict. Loss Ratios in the Domestic Stock. Property-Liability Insurance Industry. D. Richard Cutler*. Utah State University. Peter M. Ellis.