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A mum or dad company is a company that owns enough voting stock in one other firm to control management and operations by influencing or electing its board of administrators; the second firm being deemed as a subsidiary of the guardian firm. The definition of a parent firm differs by jurisdiction, with the definition normally being outlined by the use of laws coping with corporations in that jurisdiction.
At this time we still answer to our members, however we protect extra than just vehicles and Ohio farmers. We’re a Fortune 100 firm that gives a full vary of insurance and financial companies throughout the nation. Together with automotive, motorbike, householders, pet, farm, life and commercial insurance. In addition to annuities, mutual funds, retirement plans and specialty health companies.