Mutual insurance is a form of insurance that is owned by its policyholders. In a mutual insurance company, policyholders have the ability to vote on key issues, including the election of the board of directors, which governs the company. The profits generated by mutual insurance companies are typically either reinvested back into the company or returned to policyholders in the form of dividends. This model contrasts with stock insurance companies, which are owned by shareholders and focus primarily on profits for those shareholders. Mutual insurance can provide various types of coverage, including life, health, and property insurance.