Participating policies allow sharing in insurer's surplus, mutual insurance companies involve policyholder ownership, member economic participation enables surplus sharing.
Participating policies give the policyholder the right to share in the insurer's surplus. In this type of policy, the policyholder can receive dividends or other benefits based on the performance of the insurance company.
Mutual insurance companies are owned by policyholders, where any surplus generated can be shared back with the policyholders in the form of dividends or reduced premiums.
Member economic participation in cooperatives allows members to contribute capital and share in the cooperative's surpluses based on their transactions with the cooperative.
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