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Mutual insurance

From Simple English Wikipedia, the free encyclopedia

A mutual insurance company is an insurance company that is owned by its customers.[1] If the company is profitable, the profits are returned to the customers. This is different from other insurance companies, which are public companies.[2]

References

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  1. ↑ "Mutual Benefits Assurance PLC". www.bloomberg.com. Retrieved 2021-06-15.
  2. ↑ "Mutual Insurance Company - Overview, History, How It Works". Corporate Finance Institute. Retrieved 2021-06-15.


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