| 单词 | mutual insurance |
| 释义 | mutual insurance in British Englishnoun 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 (sense 3)mutual insurance in Insurance (myutʃuəl ɪnʃʊərəns) noun (Insurance: General) insurance , insurance , insurance , mutual, mutual insurer Mutual insurance is a system of insurance in which policyholders are company members. With mutual insurance arrangements, each member contributes a sum of money entitling them to insuranceprotection, and at the end of the year dividends are paid out if there is a surplus. A mutual insurance company is an insurance company without stockholders, whose management is directedby a board elected by the policyholders. Mutual insurance is a system of insurance in which policyholders are company members. |
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