Old line insurance company

{
  "id": "MLC-T-INS-002406",
  "term": "Old line insurance company",
  "field": "Insurance and risk management",
  "definition": "A traditional legal reserve insurer, organized as a stock or mutual company, as distinct from a fraternal benefit society or an assessment association. The term is used mostly for life insurers and established agency-distributed carriers. Such a company must hold policy reserves under state law and charges fixed premiums rather than assessing members for losses.",
  "url": "https://mlchart.com/terminology/insurance/old-line-insurance-company/"
}