Mutual Insurance

Mutual Insurance,

What is The Definition of Mutual Insurance?

Mutual Insurance means, The form of insurance in which the policyholder is also insured.

Literal Meanings of Mutual Insurance

Mutual:

Meanings of Mutual:
  1. (Feelings or actions) Demonstrated experience or performance by one of two or more parties in relation to the other.

  2. Organized together into two or more parts.

Sentences of Mutual
  1. Partnerships based on mutual respect and understanding

  2. A mutual friend introduced us

Synonyms of Mutual

interactive, requited, reciprocated, reciprocal, give-and-take, correlative, returned, interchangeable, complementary

Insurance:

Meanings of Insurance:
  1. The process or arrangement under which a company or government agency guarantees compensation for certain losses, injuries, illness or death in exchange for premium payments.

  2. Anything that provides protection against possible emergencies.

Sentences of Insurance
  1. Meeting a high standard of personal conduct is the best protection against personal problems.

Synonyms of Insurance

provision, precaution, preventive measure, financial protection, security, safety measure, indemnity, protection, shelter, cover, surety, defence, safeguard, indemnification, immunity

Mutual Insurance,

What is The Meaning of Mutual Insurance?

The definition of Mutual Insurance is: The form of insurance in which the policyholder is also the insurer.

Literal Meanings of Mutual Insurance

Mutual:

Meanings of Mutual:
  1. (Feelings or actions) Experience or practice in relation to one of two or more parties.

  2. Celebrated with two or more parties.

  3. Joint construction company or insurance company

Sentences of Mutual
  1. Life insurance is mutual and is owned by the policyholders.

Synonyms of Mutual

common, shared, joint

Insurance:

Meanings of Insurance:
  1. An agreement in which a company or state guarantees certain damages, injuries, illnesses or deaths in exchange for a premium.

Sentences of Insurance
  1. Many new borrowers buy unemployment insurance or health insurance.

  2. Jacket hanging on the back of the chair, protected against air conditioning.

Synonyms of Insurance

(financial) protection, backstop, assurance, guarantee, warranty