mutual insurance company

An insurance company whose policyholders are both insurers and insureds because they pay premiums into a common fund, from which claims are paid; an insurer whose policyholders are its owners, as opposed to a stock insurance company owned by outside shareholders. Cf. stock insurance company. [Cases: Insurance 1121. C.J.S. Insurance §§ 99, 109.]

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词条贡献者

法律翻译Jessie，在一家亚洲一流律师事务所的北京办公室担任全职法律翻译，擅长翻译有关港口、铁路、公路与海运的法律文件。