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Stock company

In insurance, this is a business owned and operated by a group of stockholders whose investments provide the safety margin necessary for the issuance of guaranteed, fixed premium, nonparticipating insurance policies. The stockholders share in the profits and losses of the company. Also referred to as stock insurance company, stock insurer , or stock life insurance company .

Stock Exchange Contingency Policy

The Policy covers protection against contingency where the signature of transferor attested by a member broker is later discovered as a forged one. The Policy covers inability of the brokers to complete transactions due to forgery, fabrication, fraud or misrepresentation by the principals. Indemnity is provided up to a stated limit for each stock exchange and all its registered members brokers subject to further a stated limit per Broker. Similar Policy to indemnify the Joint Stock Companies up to a stated limit is also defined to cover losses incurred by the Companies due to non-completion of share transfer transactions for similar reasons.

Stock Insurance Company

A Company owned and controlled by stock holders and conducted for profit. IT sets a premium charged for Insurance assuming all liabilities on a corporate basis. The owner of the business are paid the profits.
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An insurance company owned by its stockholders who share in profits through earnings distributions and increases in stock value.

Stock option incentive

Type of motivation plan in which an employer offers to sell the company’s stock to a company executive at a specific price on a specific date. If the stock’s value increases, the executive may exercise the stock option and buy the company’s stock at a price below the stock market’s value.

Stock Throughput Policy for Marine Cargo

A Marine Policy which combines the traditional transit exposures along with storage risks of stocks under a single document. Cover will be for (i) Raw materials, consumables, stores and spares, fuel, from the time they are purchased locally or imported till they reach the factories/warehouses of the insured or the factories/warehouses of any job-workers, sub-contractors etc., (ii) storage cover for the entire duration the materials lie at the locations under (i), (iii) cover during process phase or assembly line phase when the raw materials become work in progress/semi-finished goods and till the time they get converted as finished goods. While stock in process is covered the loss due to process risks is not covered. (iv) Movement of finished goods from the factories to mother warehouses for storage, cover during the said storage and subsequent transits within the country or overseas to customers, C & F Agents or distributor, dealers, stockiest or to insured’s branches/trading arms.