mutual company means a company whose capital is owned by the policy-holders of that company;

mutual company means a company whose capital is owned by the policyholders of that company;

mutual company means a mutual property and casualty insurance company domiciled in this state.

Examples of mutual company in a sentence

All notes, drafts, acceptances, checks, endorsements, and all evidences of indebtedness of the Mutual Company whatsoever shall be signed by such officer or officers or such agent or agents of the Mutual Company and in such manner as the board may from time to time determine.
Endorsements for deposit to the credit of the Mutual Company in any of its duly authorized depositories shall be made in such manner as the board may from time to time determine.
All documents and instruments or writings of any nature shall be signed, executed, verified, acknowledged, and delivered by such officers, agents, or employees of the Mutual Company or any one of them and in such manner as from time to time may be determined by resolution of the board.
The seal shall be two concentric circles between which shall be the name of the Mutual Company.
The chairman, at least 30 days prior to the date of each annual meeting, shall appoint a nominating committee of three persons who are members of the Mutual Company.

More Definitions of mutual company

mutual company means a domestic mutual insurance company organized under chapter 50, 54, or 58.

mutual company means a mutual insurer that is seeking to convert to a stock insurer under this chapter, including a captive insurance company (notwithstanding § 6916 of this title) that is incorporated as a nonstock corporation and including a foreign mutual insurer that has applied to redomesticate to this State with an intent to file an application to convert from mutual to stock form under this chapter.

mutual company means a company whose capital is owned by the policyholders of that company and includes a company which has agreed to purchase back or is in the process of purchasing back its share capital at a fixed price and is recognised by the Commission as a mutual company;

mutual company means for purposes of this

mutual company means Donegal Mutual Insurance Company.

mutual company means a mutual insurance company incorporated and organized under the laws

mutual company means a mutual property and casualty insurance company