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Tung Quoc Posted 20 years ago
Business & Finance

demutualize

Here is the definition of the word demutualize:

To convert (a mutual life - insurance company) to a stockholder-owned corporation.

1/ What does mutual life - insurance company mean?

2/Is this definition applied for any kinds of companies or only for mutual life - insurance company?

Quoc
  

Top answer

1) This type of company is one where it is 'owned' by everyone who uses it's services (life insurance). For their mutual benefit, you see? 2) No.

— Nona the brit

  • 1) This type of company is one where it is 'owned' by everyone who uses it's services (life insurance).
  • For their mutual benefit, you see?
  • 2) No.
  • Demutualize means that they are converting a mutually-owned company into something else.
  • They are removing the mutual aspect.
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3 Answers
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1) This type of company is one where it is 'owned' by everyone who uses it's services (life insurance). For their mutual benefit, you see?

2) No. Demutualize means that they are converting a mutually-owned company into something else. They are removing the mutual aspect.
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Hi,

So, if you convert any other kinds of companies to stockholder-owned corporations , instead of saying demutualization, what word will you say?

Q
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It depends on the meaning you want to convey. If you want to say that you are moving from some sort of a mutual society, then you say demutualize. However, if you want to say that you move to a company, you may use incorporate.
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