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mutual insurance

Syllabification: mu·tu·al in·sur·ance

Definition of mutual insurance in English:

noun

Insurance in which some or all of the profits are divided among the policyholders.
Example sentences
  • Wright and Smith report on the changing burden of tax laws on mutual insurance companies and their policyholders as those laws were revised in the postwar era.
  • A ‘huge’ €20 billion mutual insurance fund to cover airlines against terrorism and war attacks will be proposed by the European Union Transport Commissioner next week.
  • The key institution of financial capital in this period was AMP, the leading Australian mutual insurance company, subsequently de-mutualised in 1998.

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