When a mutual insurance company switches from being member-owned to being traded on thestock market, it is called “demutualization,” and the mutual insurance company becomes a stock insurance company. This shift may result in policyholders gaining shares in the newly floated company. Most often...
Define mutual insurance. mutual insurance synonyms, mutual insurance pronunciation, mutual insurance translation, English dictionary definition of mutual insurance. n. An insurance system in which the insured persons become company members, each paying s
The mutual company structure is commonly found in the insurance industry and sometimes in savings and loans associations. Many bankingtrustsand community banks in the U.S., as well as credit unions in Canada, also are structured as mutual companies. The first mutual insurance company was formed ...
Based on the principle of mutuality in sharing both burdens and benefits: as, a mutual insurance company. Reciprocally given and received; pertaining alike or reciprocally to both sides; interchanged: as, mutual love; to entertain a mutual aversion. Equally relating to or affecting two or more ...
mutual insurance: An insurance system in which the insured persons become company members, each paying specified amounts into a common fund from which members are entitled to indemnification in case of loss.
mutual insurance.A definition of the term mutual insurance is presented. It refers to an insurance company that is owned by its policyholders who share the profits and cover claims with their pooled premiums.EBSCO_bspBloomsbury Business Library Business & Management Dictionary...
Define mutual fund company. mutual fund company synonyms, mutual fund company pronunciation, mutual fund company translation, English dictionary definition of mutual fund company. Noun 1. mutual fund company - a regulated investment company with a pool o
mutual interests. having or pertaining to a form of corporate organization in which there are no stockholders, and in which profits, losses, expenses, etc., are shared by members in proportion to the business each transacts with the company:mutual insurance. ...
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