mutual insurance

noun

1. 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.

mutual insurance

noun

1. 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 See also mutual

Example Sentences

“You get out, you get to see the world, and you get to see your favorite artist or performer at the same time, so there are a lot of wins to it,” said Warren, who works as the director of research and innovation for a mutual insurance company.

From Seattle Times

“You get out, you get to see the world, and you get to see your favorite artist or performer at the same time, so there are a lot of wins to it,” said Warren, who works as the director of research and innovation for a mutual insurance company.

From Seattle Times

Yet tank vessels and barges comply with this requirement through mutual insurance associations.

From Seattle Times

That September order said Southern Coal failed to satisfy contractual obligations and must pay Charleston-based BrickStreet Mutual Insurance Co. $503,985 to maintain collateral for financial obligations, along with attorney fees.

From Seattle Times

The delegates include Tim Sweeney, the chief executive of Liberty Mutual Insurance, which has a major IT operation in Northern Ireland, as well as a local insurance business.

From BBC