mutual insurance company

mutual insurance company
/ˌmju:tʃuəl ɪn'ʃυərəns ˌkʌmp(ə)ni/ noun
a company which belongs to insurance policy holders.
Also called mutual company

Dictionary of banking and finance. 2015.

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  • mutual insurance company — ➔ company * * * mutual insurance company UK US noun [C] (also mutual insurer) FINANCE, INSURANCE ► an insurance company owned by its members who make regular payments into a fund that will pay their costs if they have a loss, accident, etc. :… …   Financial and business terms

  • Mutual insurance company — Mutual Mu tu*al, a. [F. mutuel, L. mutuus, orig., exchanged, borrowed, lent; akin to mutare to change. See {Mutable}.] 1. Reciprocally acting or related; reciprocally receiving and giving; reciprocally given and received; reciprocal;… …   The Collaborative International Dictionary of English

  • mutual insurance company — n. An insurance company owned by the people it insures, who share in the company’s profits. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • mutual insurance company — A cooperative enterprise wherein the members constitute both insurer and insured, where the members all contribute, by a system of premiums or assessments, to the creation of a fund from which all losses and liabilities are paid, and wherein the… …   Ballentine's law dictionary

  • mutual insurance company — Type of insurance company in which there is no capital stock and in which the policy holders are the sole owners. Christiansen v. National Savings and Trust Company, C.A.D.C., 683 F.2d 520, 526. A cooperative enterprise in which members are both… …   Black's law dictionary

  • mutual insurance company — Type of insurance company in which there is no capital stock and in which the policy holders are the sole owners. Christiansen v. National Savings and Trust Company, C.A.D.C., 683 F.2d 520, 526. A cooperative enterprise in which members are both… …   Black's law dictionary

  • Nationwide Mutual Insurance Company — Type Mutual Industry Financial services Founded 1926 …   Wikipedia

  • Upland Mutual Insurance Company — Infobox Company company name = Upland Mutual Insurance Company company company type = Mutual slogan = foundation = 1892 location = Junction City, Kansas, USA key people = Chris P. Brown, President num employees = 13 industry = Insurance revenue …   Wikipedia

  • Nodak Mutual Insurance Company — is an insurance company based in Fargo, North Dakota. It was founded in 1946 by North Dakota farmers and ranchers to protect their businesses from natural disasters. Nodak Mutual offers insurance plans covering home, farm and ranch, auto,… …   Wikipedia

  • Noridian Mutual Insurance Company — is an insurer headquartered in Fargo, North Dakota. It offers health, dental, and life insurance, under several brands, including Blue Cross Blue Shield of North Dakota, which is the largest health insurance provider in the state of North Dakota …   Wikipedia

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