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Mutual Benefit Life was taken into receivership for rehabilitation by the New Jersey Department of Banking and Insurance on July 16, 1991, after losses in an overheated real estate market led to a run by policyholders, who ultimately lost the purported "cash value" that had been said to have accrued in their policies. At the time, the collapse ...
Nigeria is a federal republic in West Africa, bordering Benin in the west, Chad and Cameroon in the east, and Niger in the north. As of 2015 Nigeria has the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. It overtook South Africa to become Africa's ...
Stanbic IBTC Holdings PLC. came alive as the result of a merger between Stanbic Bank Nigeria Limited and IBTC Chartered Bank Plc. in 2007, then adopting a holding company structure in 2012 to comply with the revised regulatory framework advised by the Central Bank of Nigeria, requiring banks to either divest from non-core banking financial services or adopt a holdings’ company structure.
Old Mutual Holdings Plc, Formally known as UAP Holdings Limited, is an investment, retirement, and insurance group that operates mainly in Eastern Africa.UAP Holdings is one of the leading insurance and financial services groups in eastern Africa with a network of branches and operational subsidiaries spread across the greater eastern and central Africa regions.
Mutual benefit corporations must still file tax returns and pay income tax because they are not formed for a purpose that is meant to benefit the general public (unlike public-benefit nonprofit corporations) but rather to provide an association of people with a common benefit. Due to its private purpose, a mutual benefit corporation pays the ...
The National Mutual Life Assurance Society was formed in 1896 by the merger of the National Life Assurance Society and the Mutual Life Assurance Society. It was notable for the Chairmanship of John Maynard Keynes between 1921 and 1938 when he developed the concept of active investment of its fixed interest portfolio, and investment in equities, long before the post-war “cult of the equity”.
The Armed Forces & Police Mutual Benefit Association, Inc (AFPMBAI) started in 1949 as the Armed Forces of the Philippines Mutual Benefit System (AFPMBS) created by the AFP during the height of the anti-dissident campaign in Central Luzon. It was incorporated on September 1, 1965, and registered with the SEC as a non-stock corporation with the ...
Pin button issued by "The Knights and Ladies of Security" of Topeka, Kansas. A benefit society, fraternal benefit society, fraternal benefit order, friendly society, or mutual aid organization is a voluntary association formed to provide mutual aid, benefit, for instance insurance for relief from sundry difficulties.