Sentence examples for distributed to policyholders from inspiring English sources
In the demutualization of John Hancock, MetLife and other mutuals, all the equity of the company was distributed to policyholders.
It went public by distributing shares to policyholders through a process called demutualization.
Do not distribute to minors.
John Hancock also distributed 229.7 million shares of stock to policyholders in exchange for their ownership of the company.
That would make Prudential the most widely held stock in America, ahead of MetLife, which distributed stock to about nine million policyholders.
The policyholders, lawyers representing policyholders and some actuaries, who own policies, questioned Metropolitan Life's procedures for valuing the company and allocating shares to policyholders.
"They do not offer inherent value to policyholders".
The remaining $225 millionn will go to policyholders in bonuses.
Insurance providers are constantly coming up with new products to sell to policyholders.
Last September, for example, Blue Cross and Blue Shield of North Carolina said it planned to refund $156 million to policyholders.
California law is also considered friendlier to policyholders, insurance specialists said.
