What does Stock Company mean? Read on to discover the definition & meaning of the term Stock Company - to help you better understand the language used in insurance policies.
An insurance company that has, in addition to surplus and reserve funds, a capital fund paid in by stockholders, as distinguished from mutual or cooperative companies, which have no stockholders. Shares of stock companies are usually traded on one of the organized stock exchanges.
We hope the you have a better understanding of the meaning of Stock Company.