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mutual insurance company

mutual insurance company in Culture

mutual insurance company definition

A type of insurance company in which policyholders share in the profits.

The American HeritageĀ® New Dictionary of Cultural Literacy, Third Edition
Copyright Ā© 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Historical Examples
  • Numbers of the citizens came into his scheme; and a large "mutual insurance company," was immediately formed.

    The Life of Benjamin Franklin Mason Locke Weems

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