mixed insurance company

mixed insurance company
An insurance company which embodies the characteristics of both a mutual company and a stock company. State v Willett, 171 Ind 296, 86 NE 68. An insurance company that has, at least in part, the nature of both stock and mutual companies, a certain portion of the profits being divided among the stockholders and a distribution of other accumulated funds made among the persons insured. Pink v Town Taxi Co. 138 Me 44, 21 A2d 656.

Ballentine's law dictionary. . 1998.

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