Brother-sister relationship

{
  "id": "MLC-T-INS-000622",
  "term": "Brother-sister relationship",
  "field": "Insurance and risk management",
  "definition": "A relationship between two or more corporations where the same individual or group of individuals owns a controlling interest in each corporation. In insurance, this structure is relevant for determining affiliation, which can impact premium calculations, policy aggregation, and workers' compensation experience modification factors. Ownership is typically defined as 50% or more of the voting stock or value of shares.",
  "url": "https://mlchart.com/terminology/insurance/brother-sister-relationship/"
}