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State Mutual Insurance Company
State Mutual Insurance Company is a mutual insurance company located in Rome, Georgia, USA, specializing in the sale of Medicare supplement insurance. History In 1937, six prominent figures from Rome made a plan to provide a source of employment and income for the people of the town during the Great Depression. 113 citizens of Rome were granted temporary licenses to act as insurance agents. Titled the "Million Dollar Campaign", their goal was to sell $1,000,000 worth of insurance policies in order to save a company and the jobs held there. In three weeks, the 113 new agents sold $1,431,000 of new life insurance policies. These new policies and those that were managed by the state insurance commissioner were combined to form the State Mutual Insurance Company. Corporate structure State Mutual Insurance is a mutual insurance company, so it is owned by its policyholders, not stockholders. Company decisions are made on behalf of the policyholders. State Mutual Insurance conducts bu ...
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Mutual Insurance
A mutual insurance company is an insurance company owned entirely by its policyholders. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or reduced future premiums. In contrast, a stock insurance company is owned by investors who have purchased company stock; any profits generated by a stock insurance company are distributed to the investors without necessarily benefiting the policyholders. History The concept of mutual insurance originated in England in the late 17th century to cover losses due to fire. The mutual/casualty insurance industry began in the United States in 1752 when Benjamin Franklin established the Philadelphia Contributionship for the Insurance of Houses From Loss by Fire. Mutual property/casualty insurance companies exist now in nearly every country around the globe. The global trade association for the industry, the International Cooperative and Mutual Ins ...
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Rome, Georgia
Rome is the largest city in and the county seat of Floyd County, Georgia, United States. Located in the foothills of the Appalachian Mountains, it is the principal city of the Rome, Georgia metropolitan area, Rome, Georgia, metropolitan statistical area, which encompasses all of Floyd County. At the 2020 United States Census, 2020 census, the city had a population of 37,713. It is the largest city in Northwest Georgia (U.S.), Northwest Georgia and the List of municipalities in Georgia (U.S. state), 26th-largest city in the state. Rome was founded in 1834, after United States Congress, Congress passed the Indian Removal Act, and the federal government committed to removing the Cherokee and other Native Americans in the United States, Native Americans from the southeastern United States, Southeast. It developed on former indigenous territory at the confluence of the Etowah River, Etowah and the Oostanaula River, Oostanaula rivers, which together form the Coosa River. Because of its ...
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Medigap
Medigap (also called Medicare supplement insurance or Medicare supplemental insurance) refers to various private health insurance plans sold to supplement Medicare in the United States. Medigap insurance provides coverage for many of the co-pays and some of the co-insurance related to Medicare-covered hospital, skilled nursing facility, home health care, ambulance, durable medical equipment, and doctor charges. Medigap's name is derived from the notion that it exists to cover the difference or "gap" between the expenses reimbursed to providers by Medicare Parts A and B for services and the total amount allowed to be charged for those services by the United States Centers for Medicare and Medicaid Services (CMS). Over 14 million Americans had Medicare Supplement insurance in 2018 according to a report by thAmerican Association for Medicare Supplement Insurance Eligibility Medicare eligibility can start for Americans when they turn at least 64 years & nine months old or upon retir ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ...
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District Of Columbia
) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, National Cathedral , image_flag = Flag of the District of Columbia.svg , image_seal = Seal of the District of Columbia.svg , nickname = D.C., The District , image_map = , map_caption = Interactive map of Washington, D.C. , coordinates = , subdivision_type = Country , subdivision_name = , established_title = Residence Act , established_date = 1790 , named_for = George Washington, Christopher Columbus , established_title1 = Organized , established_date1 = 1801 , established_title2 = Consolidated , established_date2 = 1871 , established_title3 = Home Rule Act , ...
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Florida Law
The law of Florida consists of several levels, including constitutional, statutory, and regulatory law, as well as case law and local law. The ''Florida Statutes'' form the general statutory law of Florida. Sources The Constitution of Florida is the foremost source of state law. Legislation is enacted by the Florida Legislature, published in the ''Laws of Florida'', and codified in the ''Florida Statutes''. State agencies publish regulations (sometimes called administrative law) in the ''Florida Administrative Register'' (FAR), which are in turn codified in the ''Florida Administrative Code'' (FAC). Florida's legal system is based on common law, which is interpreted by case law through the decisions of the Supreme Court, District Courts of Appeal, and Circuit Courts, which are published in the ''Florida Cases'', ''Southern Reporter'', ''Florida Law Weekly'', and ''Florida Law Weekly Supplement''. Counties and municipalities may also promulgate local ordinances. There are also ...
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Savings And Loan Association
A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the United States; similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings banks. They are often mutually held (often called mutual savings banks), meaning that the depositors and borrowers are members with voting rights, and have the ability to direct the financial and managerial goals of the organization like the members of a credit union or the policyholders of a mutual insurance company. While it is possible for an S&L to be a joint-stock company, and even publicly traded, in such instances it is no longer truly a mutual association, and depositors and borrowers no longer have membership rights and managerial control. By law, thrifts can have no more than 20percent of their lending ...
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Old State Mutual Building
The Old State Mutual Building is an historic commercial building at 240 Main Street in Worcester, Massachusetts. It served as the offices of the State Mutual Life Assurance Company from its construction in 1870 until 1897. Designed by Boston architect Charles B. Atwood, it is one of a few surviving Second Empire commercial buildings in the city.Marter, Joan M. ''The Grove Encyclopedia of American Art''. Vol. 1. 2011. The granite building is four stories high, the last of which is under a mansard roof. It is three window bays wide, with a slightly projecting central bay, which is topped at the third floor by a small pediment. The bays are divided by Ionic pilasters, and the rooftop is crowned by an iron railing. The building was listed on the National Register of Historic Places in 1980. See also * State Mutual Stadium *National Register of Historic Places listings in northwestern Worcester, Massachusetts *National Register of Historic Places listings in Worcester County, Mas ...
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State Mutual Stadium
AdventHealth Stadium, located in Rome, Georgia, has been the home of the Rome Braves, of the South Atlantic League, since its completion in April 2003. The facility seats 5,105 people. History At the end of the 2002 season, the Atlanta Braves decided to move their Class A Macon Braves. The move came after disputes between the city of Macon and the team over a new ballpark. The city of Rome, Georgia was able to get the approval of SPLOST and lure the Braves to Rome. Using completely SPLOST tax the ballpark was funded and was ready for use in the 2003 season. The construction cost $19 million which is worth $26.7 million in 2020. The stadium has under gone many renovations, the most recent being in 2021. The renovation included a new video board, brand new speaker system, led lights, and more. Naming Rights The naming rights were sold to Rome-based State Mutual Insurance Company on February 28, 2003. The terms of the agreement were $250,000 for 18 years. In April 2022, the n ...
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Mutual Insurance Companies Of The United States
Mutual may refer to: *Mutual organization, where as customers derive a right to profits and votes *Mutual information, the intersection of multiple information sets *Mutual insurance, where policyholders have certain "ownership" rights in the organization *Mutual fund, a professionally managed form of collective investments *Mutual Film, early American motion picture conglomerate, the producers of some of Charlie Chaplin's greatest comedies *Mutual Base Ball Club (1857-1871), defunct early baseball team usually referred to as "Mutual" in the standings. *Mutual Broadcasting System, a defunct U.S. radio network *Mutual Improvement Association (other), Mutual Improvement Association, the name of two youth programs run by the Church of Jesus Christ of Latter-day Saints *Mutual authentication, used in cryptography *"Mutual", a 2018 song by Shawn Mendes from ''Shawn Mendes (album), Shawn Mendes'' ;Place names *Mutual, Maryland, a community in the United States *Mutual, Ohio, a v ...
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Companies Based In Floyd County, Georgia
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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American Companies Established In 1937
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * Ba ...
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