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LSDefine

Simple English definitions for legal terms

mutual-benefit insurance

Read a random definition: Statement and Account Clause

A quick definition of mutual-benefit insurance:

Term: MUTUAL-BENEFIT INSURANCE

Definition: Mutual-benefit insurance is a type of insurance where a group of people come together to help each other out when something bad happens. If someone in the group has a loss, like their house burns down or they get sick, the group will give them money to help them out. It's like having a big family that helps each other out when they need it.

A more thorough explanation:

Definition: Mutual-benefit insurance refers to benefits provided by a mutual-benefit association when a loss occurs.

Example: Let's say you are a member of a mutual-benefit association that provides insurance for your car. If you get into an accident and your car is damaged, the association will provide you with the necessary funds to repair or replace your car.

Explanation: Mutual-benefit insurance is a type of insurance that is provided by a mutual-benefit association. This type of insurance is different from other types of insurance because the members of the association are also the owners. When a loss occurs, the association uses the funds collected from its members to provide benefits to the affected member. In the example given, the mutual-benefit association provides insurance for the car of its members. If a member gets into an accident and their car is damaged, the association will provide them with the necessary funds to repair or replace their car.

mutual association | mutual combat

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JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
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