•  
  •  
 

Abstract

The shift from member-owned, mutual insurance companies, to policyholder-owned firms, often publicly-traded, has produced a dramatic reordering of the insurance landscape in recent years.1 The move, facilitated by changes in state insurance laws, has involved an exchange of shares (or money) for the members’ ownership rights in the company which included voting and distribution rights as well as contractual insurance rights. One reason often given for the move has been to position the company to conduct an initial public offering of securities.

Share

COinS
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.