Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
captive insurance company
See INSURANCE COMPANY.
insurance company
A corporation or association that issues insurance policies.
mixed insurance company
An insurance company having characteristics of both stock and mutual companies in that it distributes part of the profits to stockholders and also makes distributions to the insureds.
mutual insurance company
An insurer whose policyholders are its owners, as opposed to a stock insurance company owned by outside shareholders. Cf. STOCK INSURANCE COMPANY.
stock insurance company
An insurance company operated as a private corporation and owned by stockholders who share in the company's profits and losses.
stock life-insurance company
See INSURANCE COMPANY.