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mutual benefit society

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Tags: insurance

The term that applies to a non-profit organisation that is set up to benefit its members such as in times of sickness, life insurance benefits etc.
(Law Dictionary: What is MUTUAL BENEFIT SOCIETY? definition of MUTUAL BENEFIT SOCIETY (Black’s Law Dictionary) http://thelawdictionary.org/mutual-benefit-society/#ixzz2YAH3vIu5)

Synonyms:
benefit society
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