noun
: an insurance company with capital contributed by stockholders who control its operations and reap any profits or sustain any losses which may result therefrom and with policies that are ordinarily nonparticipating and always nonassessable
noun
: an insurance company with capital contributed by stockholders who control its operations and reap any profits or sustain any losses which may result therefrom and with policies that are ordinarily nonparticipating and always nonassessable
Webster's New International English Dictionary. Новый международный словарь английского языка Webster. 2012