A type of insurance company in which policyholders share in the profits.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
How to use mutual insurance company in a sentence
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