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Mutual insurance company

   Also found in: Financial, Wikipedia 0.01 sec.
one which does a business of insurance on the mutual principle, the policy holders sharing losses and profits pro rata.

See also: Mutual



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CLOSE BUT NO CORPORATION: Resembling a mutual insurance company is a reciprocal insurance company.
The Long Island office of CB Richard Ellis arranged a 25,356 s/f lease for Nationwide Mutual Insurance Company at 45 Crossways Park Drive in Woodbury, NY.
The old mutual insurance company transforms itself into a stock company," he says.
 
 
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