Mutual insurance
insurance company owned entirely by its policyholders
A mutual insurance company is an insurance company that is owned by its customers.[1] If the company is profitable, the profits are returned to the customers. This is different from other insurance companies, which are public companies.[2]
References
change- ↑ "Mutual Benefits Assurance PLC". www.bloomberg.com. Retrieved 2021-06-15.
- ↑ "Mutual Insurance Company - Overview, History, How It Works". Corporate Finance Institute. Retrieved 2021-06-15.
