insurance company

insurance company definition - business

insurance company

A business that accepts certain risks for which it receives payments. Insurance companies are organized either as mutual companies owned by policyholders or stock companies owned by stockholders who expect to earn a return on their investment. Insurance companies are regulated by the states in which they do business.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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