Regulation of Insurance in China,The
Page 1252
CHAPTER 22
Regulation of mutual insurance organizations
22.1 Introduction
Mutual insurance as a concept began in England in the late 17th century with the establishment of the first mutual fire insurer in 1696 to cover losses due to fire. A mutual insurance company is collectively owned by its members and acts in the best interest of its members. The sole purpose of a mutual insurance company is to provide insurance coverage for its members and policyholders, and its members are given the right to select management.
The rest of this document is only available to i-law.com online subscribers.
If you are already a subscriber, click login button.
Login