mutual insurance


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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 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.
Efforts to diversify the countrys insurance industry landscape are increased by the China Insurance Regulatory Commission (CIRC) by granting licences to the first batch of mutual insurance companies.
CUNA Mutual said the policyholders approved the plan to reorganize CUNA Mutual Insurance Society from a mutual insurance company into a mutual insurance holding company structure.
In spite of recent demands by seven EU mutual insurance companies, efforts towards establishing a European statute seem to have been abandoned following a September Parliamentary question by French MEP Corinne Lepage (ALDE).
Farm Bureau Mutual Insurance Company announces it has acquired Des Moines-based Crop1 Insurance.
00-3, Accounting by Insurance Enterprises for Demutualizations and Formations of Mutual Insurance Holding Companies and for Certain Long-Duration Participating Contracts (No.
Additionally, Liberty Mutual Insurance leased 29,000 square feet on the sixth floor of the building.
Would Indiana's two largest mutual insurance companies "redomesticate" to other states if legislation fails again?
The Darden case involved an effort by Robert Darden, a former insurance agent who represented Nationwide Mutual Insurance Co.

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