MLchartDataset catalogue

Cooperative

Term · Insurance and risk management · MLC-T-INS-000977

An organization owned and controlled by its members, who use its products or services, rather than by outside investors. In the insurance sector, this structure is found in mutual insurance companies and reciprocal insurance exchanges, where policyholders are also the owners. Unlike stock companies that distribute profits to shareholders, a cooperative returns surplus funds to its members as dividends or reduced future premiums.

Table 1. Record
IdentifierMLC-T-INS-000977
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000977",
  "term": "Cooperative",
  "field": "Insurance and risk management",
  "definition": "An organization owned and controlled by its members, who use its products or services, rather than by outside investors. In the insurance sector, this structure is found in mutual insurance companies and reciprocal insurance exchanges, where policyholders are also the owners. Unlike stock companies that distribute profits to shareholders, a cooperative returns surplus funds to its members as dividends or reduced future premiums.",
  "url": "https://mlchart.com/terminology/insurance/cooperative/"
}

Record 792 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.