mutual insurance

noun

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

See mutual
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

You are asked to engage in the great work of mutual education, which must be for this country the system of mutual insurance.

We do not blame Odd-fellows, Good-fellows, Druids, or any other association for acting as mutual insurance companies.

As mutual insurance societies, they are irresponsible, and more liable to corruption, just because they are secret.

They undertake a multitude of risks which were unknown to the primitive mutual insurance associations.

Numbers of the citizens came into his scheme; and a large "Mutual Insurance Company," was immediately formed.

April 25, 2024firkin

[fur-kin ]

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