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Definition
According to a very broad definition of the European Commission, mutual organizations/societies “are voluntary groups of persons (natural or legal) whose purpose is primarily to meet the needs of their members rather than achieve a return on investment.” This broad definition includes self-help groups, friendly societies, cooperatives, mutual insurance companies, mutual benefit societies, credit unions, building societies, savings and loans associations, microcredit, burial associations, Freemasons… (European Commission 2003). Hereafter, it is a more restricted definition that is used, relying on principles shared by most mutuals in Europe, the region where they are the most widespread. However, some international examples put European mutual societies in perspective.
The core organizations examined here will be mutual insurance companies and mutual benefit societies. In that sense, mutual societies are insurance companies run by their members for protecting...
References
AIM (International Association of Mutual Benefit Societies). (2008). http://www.aim-mutual.org. Consulted on 15/03/2008 and on 15/01/2020.
AMICE (Association of the mutual and cooperative insurance sector in Europe). (2020). https://www.amice-eu.org/?lang=fr. Consulted on 13/01/2020.
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Archambault, E. (2021). Mutual Organizations, Mutual Societies. In: List, R.A., Anheier, H.K., Toepler, S. (eds) International Encyclopedia of Civil Society. Springer, Cham. https://doi.org/10.1007/978-3-319-99675-2_50-1
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DOI: https://doi.org/10.1007/978-3-319-99675-2_50-1
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