Who is mutual insurance company owned by?

A mutual insurance company is an insurance company owned entirely by its policyholders. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or reduced future premiums.Click to see full answer. Similarly, you may ask, who is a mutual insurance company owned by quizlet?A mutual insurance company is owned by its policyholders. Surplus may be distributed to policyholders in the form of dividends or retained by the insurer in exchange for reductions in future premiums.Also Know, what is a mutually owned company? A mutual company is a private firm that is owned by its customers or policyholders. The company’s customers are also its owners. As such, they are entitled to receive a share of the profits generated by the mutual company. Alternately, some mutual companies choose to use their profits to reduce members’ premiums. Also, can a mutual insurance company be acquired by another company? Subsidiary stock companies of a mutual holding company may be purchased, but in order to purchase a mutual insurance company the target company generally must demutualise prior to the acquisition or merge with another mutual insurance company.What is the difference between a mutual insurance company and a stock insurance company?The main difference between a stock insurer and a mutual insurer is the form of ownership. A stock insurer distributes profits to shareholders in the form of dividends. Alternatively, it may utilize profits to pay off debt or reinvest them in the company. A mutual insurance company is owned by its policyholders.