Capital

Equity of shareholders of a stock insurance company. The company's capital and surplus are measured by the difference between its assets minus its liabilities. This value protects the interests of the company's policy owners in the event it develops financial problems; the policy owners benefits are thus protected by the insurance company's capital. Shareholders' interest is second to that of policy owners.

See Also: Carrier / Insurance Company / Underwriter; Cash Value; Cash surrender value; Casualty; Captive Agent; Capitalization or Leverage; Capitation; Cap; Crop Insurance; Consequential Loss (or Damage);

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