mutual insurance company Meaning in the Cambridge English Dictionary
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Meaning of “mutual insurance company” in the English Dictionary

"mutual insurance company" in Business English

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mutual insurance companynoun [C]

uk   us   (also mutual insurer) FINANCE, INSURANCE
an ​insurancecompanyowned by its ​members who make ​regularpayments into a ​fund that will ​pay their ​costs if they have a ​loss, accident, etc. : The ​company, a mutualinsurerowned by its policyholders, said its ​networthdropped 11% last ​year.
(Definition of mutual insurance company from the Cambridge Business English Dictionary © Cambridge University Press)
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