demutualization

demutualization, n. The process of converting a mutual insurance company (which is owned by its policyholders) to a stock insurance company (which is owned by outside shareholders), usu. as a means of increasing the insurer’s capital by allowing the insurer to issue shares. • About half the states have demutualization statutes authorizing such a conversion. [Cases: Insurance 1160. C.J.S. Insurance § 111.] — demutualize, vb.

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词条贡献者

译者David，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与复杂商业诉讼相关的法律文件。