Mutual Company
DataModel:CDQ/Business Partner/Legal Form/Legal Form Category/LF143
| Property | Value |
|---|---|
| A technical identifier, unique in a certain context. Technical key | LF143
|
| Language-specific name. Monolingual name | Mutual Company (en) |
| Language-specific short name. Monolingual short name | Mut.Co. (en) |
| Informal and comprehensive human-readable definition of a concept. Description | A company owned by its policyholders, who share in the company's profits and elect the board of directors. Mutual companies operate for the benefit of their policyholders, and their primary goal is to serve policyholder interests rather than maximizing profits for shareholders. They are often found in the insurance industry. |