A company owned by its policyholders that returns part of its profits to the policyholders as dividends. The insurer uses the rest as a surplus cushion in case of large and unexpected losses.
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This page contains a single entry by David published on July 13, 2005 12:07 AM.
MULTIPLE PERIL POLICY was the previous entry in this blog.
LAW OF LARGE NUMBERS is the next entry in this blog.
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