by lakemen » Sat Jul 08, 2006 07:22 am
Mutual Insurance Company
A company whose ownership is with the policyholders. This company returns part of its profits as dividends to the policyholders. The surplus amount is then used if there is a large or unexpected loss.
A company whose ownership is with the policyholders. This company returns part of its profits as dividends to the policyholders. The surplus amount is then used if there is a large or unexpected loss.
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