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Old 04-03-2009, 03:21 PM   #2400
RickyMaveety
Holy S**T!!!
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Quote:
Originally Posted by pilotbob View Post
Um, not sure what you mean? USAA is a private insurance company.

BOb
It was my understanding that USAA was founded as an insurance company specifically for Federal Employees and the members of the Armed Services.

It is (or was for many many years) subject to special rules and restrictions and was not open for investment by the general public.

Most "private sector" insurance companies (unless they are held by a closed corporation) are open to investment by the general public.
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