Meaning Of The Word Mutual insurance

Real Dictionary

What's the definition of Mutual insurance? Find Mutual insurance meanings, definitions and more at the Real Dictionary online.

Mutual insurance Meaning

Mutual insurance Definition
Mutual insurance Definition

What's The Definition Of Mutual insurance?

mutual insurance in American English
noun: insurance in which those insured become members of a company who reciprocally engage, by payment of certain amounts into a common fund, to indemnify one another against loss
noun: Mutual insurance is a system of insurance in which policyholders are company members.

mutual insurance in British English
noun: a system of insurance by which all policyholders become company members under contract to pay premiums into a common fund out of which claims are paid

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