mutual insurance

uncountable

A form of insurance scheme owned entirely by its policyholders.

Japanese Meaning

保険契約者が全員で所有・運営する保険制度 / 相互保険

The community established a mutual insurance to protect small businesses after the flood.

そのコミュニティは洪水後に小規模事業を守るため、契約者全員が所有する保険制度を設立した。

Sense（1）

A form of insurance scheme owned entirely by its policyholders.