The term mutual denotes a company that is owned by its policyholders instead of by stockholders. These companies return part of their profits to policyholders as dividends.
An insurance company that is owned by its policy holders. New-For-Old Cover for property where an item lost or destroyed would be replaced with a brand new one, with no deduction for wear and tear. Also called "replacement as new".
A telephone network which was owned and operated by the subscribers. In Alberta, telephone service in rural areas was often provided by a mutual before 1950.
A Mutual Insurance company is owned by it's policyholders.
An company that is owned by its policyholders.
A mutual organisation is owned by its members and not by shareholders. Back to the Top
A life insurance company that is owned by its with-profits policyholders.