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单词 mutual insurance company
释义

Mutual insurance company


one which does a business of insurance on the mutual principle, the policy holders sharing losses and profits pro rata.

See also: Mutual

Mutual Insurance Company


Mutual Insurance Company

An insurance company owned by its own policyholders. That is, policyholders elect the board of directors, and profits, if any, are distributed to policyholders each year in proportion to their individual exposures to the company. Many insurance companies are structured in this way.
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更新时间:2025/3/12 0:27:53