Mutual insurance company
Mutual Mu"tu*al, a. [F. mutuel, L. mutuus, orig., exchanged, borrowed, lent; akin to mutare to change. See {Mutable}.] 1. Reciprocally acting or related; reciprocally receiving and giving; reciprocally given and received; reciprocal; interchanged; as, a mutual love, advantage, assistance, aversion, etc. [1913 Webster]

Conspiracy and mutual promise. --Sir T. More. [1913 Webster]

Happy in our mutual help, And mutual love. --Milton. [1913 Webster]

A certain shyness on such subjects, which was mutual between the sisters. --G. Eliot. [1913 Webster]

2. Possessed, experienced, or done by two or more persons or things at the same time; common; joint; as, mutual happiness; a mutual effort. --Burke. [1913 Webster]

A vast accession of misery and woe from the mutual weeping, and wailing, and gnashing of teeth. --Bentley. [1913 Webster]

Note: This use of mutual as synonymous with common is inconsistent with the idea of interchange, or reciprocal relation, which properly belongs to it; but the word has been so used by many writers of high authority. The present tendency is toward a careful discrimination. [1913 Webster]

Mutual, as Johnson will tell us, means something reciprocal, a giving and taking. How could people have mutual ancestors? --P. Harrison. [1913 Webster]

{Mutual insurance}, agreement among a number of persons to insure each other against loss, as by fire, death, or accident.

{Mutual insurance company}, one which does a business of insurance on the mutual principle, the policy holders sharing losses and profits pro rata. [1913 Webster]

Syn: Reciprocal; interchanged; common. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • mutual insurance company — ➔ company * * * mutual insurance company UK US noun [C] (also mutual insurer) FINANCE, INSURANCE ► an insurance company owned by its members who make regular payments into a fund that will pay their costs if they have a loss, accident, etc. :… …   Financial and business terms

  • mutual insurance company — n. An insurance company owned by the people it insures, who share in the company’s profits. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • mutual insurance company — A cooperative enterprise wherein the members constitute both insurer and insured, where the members all contribute, by a system of premiums or assessments, to the creation of a fund from which all losses and liabilities are paid, and wherein the… …   Ballentine's law dictionary

  • mutual insurance company — Type of insurance company in which there is no capital stock and in which the policy holders are the sole owners. Christiansen v. National Savings and Trust Company, C.A.D.C., 683 F.2d 520, 526. A cooperative enterprise in which members are both… …   Black's law dictionary

  • mutual insurance company — Type of insurance company in which there is no capital stock and in which the policy holders are the sole owners. Christiansen v. National Savings and Trust Company, C.A.D.C., 683 F.2d 520, 526. A cooperative enterprise in which members are both… …   Black's law dictionary

  • mutual insurance company — /ˌmju:tʃuəl ɪn ʃυərəns ˌkʌmp(ə)ni/ noun a company which belongs to insurance policy holders. Also called mutual company …   Dictionary of banking and finance

  • Nationwide Mutual Insurance Company — Type Mutual Industry Financial services Founded 1926 …   Wikipedia

  • Upland Mutual Insurance Company — Infobox Company company name = Upland Mutual Insurance Company company company type = Mutual slogan = foundation = 1892 location = Junction City, Kansas, USA key people = Chris P. Brown, President num employees = 13 industry = Insurance revenue …   Wikipedia

  • Nodak Mutual Insurance Company — is an insurance company based in Fargo, North Dakota. It was founded in 1946 by North Dakota farmers and ranchers to protect their businesses from natural disasters. Nodak Mutual offers insurance plans covering home, farm and ranch, auto,… …   Wikipedia

  • Noridian Mutual Insurance Company — is an insurer headquartered in Fargo, North Dakota. It offers health, dental, and life insurance, under several brands, including Blue Cross Blue Shield of North Dakota, which is the largest health insurance provider in the state of North Dakota …   Wikipedia

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