Mutual Insurance Company


Definition of "Mutual insurance company"

Company owned by its policy owners; no stock is available for purchase on the stock exchanges.

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Popular Real Estate Terms

Annual Report

Statement of the financial condition of the insurance company, as well as significant events during the year in which the company has been involved an ...

Nonstock Insurance Company

Insurance company that has no outstanding shares of stock, such as a mutual insurance company. ...

Terminal Dividend

Additional policy dividend paid to a life insurance policyholder when a policy terminates. A mutual insurance company is owned by its policyholders an ...

Mixed Insurance Company

One that combines the two forms of ownership, stock and mutual. A stock insurance company is owned by stockholders, whereas a mutual insurance company ...

Demutualization (stocking A Mutual)

Conversion of form of ownership from a mutual insurance company to a stock insurance company. Interest in demutualization of life insurance companies ...

Perpetual Mutual Insurance Company

Type of mutual insurance company that requires a substantial initial premium payment. After the initial premium payment is made, future premium paymen ...

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