What is the Definition of Mutual Holding Company?

What is the Definition of Mutual Holding Company?

An organizational structure that provides mutual companies with the organizational and capital raising advantages of stock insurers, while retaining the policyholder ownership of the mutual.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Mutual Holding Company?

What is the Definition of Mutual Holding Company?

You can find random definition and meaning of insurance terms below:

Meaning of Additional  Living Expenses in Insurance Terms

Extra charges covered by homeowners policies over and above the policyholder’s customary living expenses. They kick in when the  insured requires temporary shelter due to damage by a covered peril that makes the  home temporarily uninhabitable.

Meaning of Additional Term Insurance Option in Insurance Terms

An option available to owners of participating insurance policies under which the insurer uses a policy dividend as a net single premium to purchase one-year term insurance on the insured’s life. Also known as fifth dividend option. (See Dividend; Policy dividend options)

Meaning of Adjuster in Insurance Terms

An individual employed by a property/casualty insurer to evaluate losses and settle policyholder claims. These adjusters differ from public adjusters, who negotiate with insurers on behalf of policyholders, and receive a portion of a claims settlement. Independent adjusters are independent contractors who adjust claims for different insurance companies.

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