Definition: Mutual society

Business registers

A social economy enterprise characterized by:

- Voluntary and open membership
- Equal voting rights – resolutions carried by majority
- Members’ fees based on insurance calculations (where relevant) – no capital contributions
- autonomy and independence
- Medical, life and non-life insurance; guarantee schemes; home mortgages.
Source:
Eurostat, "Business registers. Recommendations manual", Methodologies and Working Papers, Publications Office of the European Union, Luxembourg, 2010
Created:
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