Ask a Question

What are mutual insurance companies?

← Prev Question Next Question →
+1 vote
102 views
in Insurance by (82.5k points)
What are mutual insurance companies?

Origin of the question is helmsman insurance agency subject

The question was asked in class test.

Other related questions to my question are:

What companies are mutual companies?

How is a mutual insurance company different?

How many insurance companies are mutual?

What is the main advantage of an insurance mutual company?

1 Answer

+1 vote
by (393k points)
selected by
 
Best answer
Right answer is: An insurance company owned by its policyholders is a mutual insurance company. A mutual insurance company provides insurance coverage to its members and policyholders at or near cost. Any profits from premiums and investments are distributed to its members via dividends or a reduction in premiums.

The title of my answer is Mutual Insurance Company Definition

The reference of my answer is Investopedia

Related questions

+1 vote
1 answer
Are Liberty Mutual agents captive?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
Is Liberty Mutual a private company?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
Is Prudential part of Liberty Mutual?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What company owns Liberty Mutual?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
Who is Liberty Mutual owned by?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
Welcome to TalkJarvis QnA, a question-answer community website for the people by the people. On TalkJarvis QnA you can ask your doubts, curiosity, questions and whatever going in your mind either related to studies or others. Experts and people from different fields will answer.

Most popular tags

biology – class 12 biology – class 11 construction & building materials chemistry – class 12 electronic devices & circuits network theory data structures & algorithms ii cell biology ic engine insurance finance money computational fluid dynamics engineering physics i discrete mathematics chemistry – class 11 aerodynamics casting-forming-welding i engineering mathematics operating system casting-forming-welding ii engineering drawing mysql engineering geology digital circuits wireless mobile energy management electrical measurements digital communications cyber security analytical instrumentation embedded systems electric drives cytogenetics advanced machining computer fundamentals life sciences basic civil engineering iot design of electrical machines physics – class 12 applied chemistry dairy engineering basic chemical engineering cloud computing microprocessor bioinformatics aircraft design aircraft maintenance software engineering drug biotechnology digital signal processing biochemistry data structures & algorithms i automotive engine design avionics engineering material & metallurgy energy engineering cognitive radio unix electrical machines biomedical instrumentation object oriented programming electromagnetic theory power electronics analog communications bioprocess engineering civil engineering drawing engineering metrology physics – class 11 mathematics – class 12 engineering chemistry i basic electrical engineering unit processes mongodb signals and systems cryptograph & network security hadoop mathematics – class 11 engineering physics ii html control systems engineering mechanics antennas analog circuits computer network java sql server javascript concrete technology chemical process calculation artificial intelligence design of steel structures c++ database management computer architecture engineering chemistry ii corrosion engineering chemical technology dc machines
Powered by TalkJarvis
...