mutual insurance: Meaning and Definition of

mu'tual insur'ance

Pronunciation: [key]
  1. insurance in which those insured become members of a company who reciprocally engage, by payment of certain amounts into a common fund, to indemnify one another against loss.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
mutual induction mutualism
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