Is this company, which requires every insurance applicant to buy one or more shares, does not deal in usurious loans, and distributes its profits and losses among the capital owners, considered a commercial or cooperative insurance company, and what is the ruling on dealing with it?

Cooperative insurance is based on several foundations: the management of participants' funds without guaranteeing them; the funds remaining the property of the participants; annual liquidation with the return of surplus or demand for deficit; the administration's relationship being that of an agency for a known fee; profit and loss belonging to the participants; the participants' goal being solidarity and donation, not profit; and the administration not investing the funds in prohibited activities. If these foundations are met in the insurance in question, then it is permissible.