mutual company

Definition of "mutual company"
  1. A type of insurance company that is owned collectively by its policyholders
How to use "mutual company" in a sentence
  1. In a mutual company, policyholders act as the company's shareholders and share in its profits.
  2. Some prefer to buy insurance from a mutual company because they may receive dividends as policyholders.
  3. A mutual company works under the principle that profits are distributed back to the policyholders.

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