An insurance company controlled by its policyholders is an insurance company. An insurance company presents insurance coverage to its customers and policyholders at or near loss. Any gains from premiums and expenses are distributed to its affiliates via dividends or a decrease in premiums.
A major advantage of insurance companies is that ownership is controlled among policyholders. As a conclusion, capital can be delivered straight to them in the form of either policyholder bonuses or premium credits.