18-181A 18-181A . . . Insurance Agents Stock Option Plan under which Compensation Committee may grant Non-qualified Stock Options to any insurance agent who signs agreement which commits agent to produce at least $300,000 of premiums during specific three-year period ("Qualification Period"). Number of shares covered by option is equal to agent's premium commitment divided by $100, and options become exercisable only to extent agent satisfies his or her minimum commitment for premiums during Qualification Period, and only to extent loss ratios for insurance business written meet or exceed certain performance criteria
Idaho Insurance Agents Stock option plan
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FAQ
Before insurers may transact business in a specific state, they must apply for and be granted a license or Certificate of Authority from the state department of insurance and meet any financial (capital and surplus) requirements set by the state.
Stock insurers are incorporated insurers whose capital is divided into shares. Stock insurance companies are owned by the stockholders who are responsible for electing the firm's board of directors. Dividends are paid to stockholders and are considered taxable income.
A stock insurance company is a corporation owned by its stockholders or shareholders, and its objective is to make a profit for them. It can be a privately-held company or a public company. Policyholders do not share directly in the profits or losses of the company.
In the conversion process, a mutual insurer offers policyholders cash or stock. The company may then also make a public stock offering. Both stock and mutual companies can write life, health, and property and casualty insurance.
Investing in Insurance Stocks. Insurance stocks can make a great addition to any investor's stock portfolio. Not only does the insurance business have the potential to produce excellent long-term returns, but it's also a business that works in good times and bad.
Progressive, Allstate, Chubb, and MetLife are a few examples of capital stock insurance companies.
When they come upon extra income, stock insurers distribute the surplus to the shareholders in the form of dividends. They need to consistently meet the expectations of their investors, otherwise, they may lose that extra source of profit.
The main difference between the two types of companies is ownership structures?stock insurers are owned by shareholders while mutual insurers are owned by the policyholders. Mutual insurers are typically conservative investors, while stock insurers take more investing risks.