A "stock" insurer is an incorporated insurer with its capital divided into shares and owned by its stockholders.
Me. Rev. Stat. tit. 24-A, § 400
"Stock" insurer defined
PL 1969, c. 132, §1 (NEW).
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.