mutual insurance


Also found in: Financial, Wikipedia.

mutual insurance

n.
An insurance system in which the insured persons become company members, each paying specified amounts into a common fund from which members are entitled to indemnification in case of loss.

mutual insurance

n
(Insurance) a system of insurance by which all policyholders become company members under contract to pay premiums into a common fund out of which claims are paid. See also mutual3
References in classic literature ?
He coiled himself away on chain- cables in marine junk-shops, asking questions with cheerful, un- slaked Western curiosity, till all the water-front wanted to know "what in thunder that man was after, anyhow." He prowled into the Mutual Insurance rooms, and demanded explanations of the mysterious remarks chalked up on the blackboard day by day; and that brought down upon him secretaries of every Fisherman's Widow and Orphan Aid Society within the city limits.
The American has dwindled into an Odd Fellow -- one who may be known by the development of his organ of gregariousness, and a manifest lack of intellect and cheerful self-reliance; whose first and chief concern, on coming into the world, is to see that the almshouses are in good repair; and, before yet he has lawfully donned the virile garb, to collect a fund for the support of the widows and orphans that may be; who, in short ventures to live only by the aid of the Mutual Insurance company, which has promised to bury him decently.
The American has dwindled into an Odd Fellow--one who may be known by the development of his organ of gregariousness, and a manifest lack of intellect and cheerful self-reliance; whose first and chief concern, on coming into the world, is to see that the almshouses are in good repair; and, before yet he has lawfully donned the virile garb, to collect a fund to the support of the widows and orphans that may be; who, in short, ventures to live only by the aid of the Mutual Insurance company, which has promised to bury him decently.
TELECOMWORLDWIRE-March 7, 2013-Farmers Union Mutual Insurance picks Ebix for policy administration system needs(C)1994-2013 M2 COMMUNICATIONS http://www.m2.com
7, Liberty Mutual Insurance and its employees celebrated the one-year countdown to the Olympic Winter Games in Sochi, Russia.
Second vice chair: Bernard Turi, associate general counsel and claims attorney, Utica Mutual Insurance Company, Utica, N.Y.
In a leasing transaction brokered by Colliers ABR, Inc., Atlantic Mutual Insurance Company has leased two full floors, comprising 47,638 square feet at 140 Broadway.
Associated Mutual Insurance Cooperative of New York Hires Scannell
M2 EQUITYBITES-April 15, 2019--Ayr Farmers Mutual Insurance selects Guidewire solution
Global Banking News-November 30, 2018--Badger Mutual Insurance names president
Texas Mutual Insurance Company board of directors has voted unanimously to approve a company-record USD 260m dividend distribution in 2017, the compan said.
The National Association of Mutual Insurance Companies is no stranger to the annual conference/meeting.

Full browser ?