The mutuality is the association of people predestined to help each other, each associated perform a commit that can be sustained or variable price. They are insurance entities that specialize in activities additional to the system that guarantees social security.

It is the association of people who are in charge in a democratic way, without obtaining payment for their voluntary work, taking insurance actions that serve as a complement to the government social security forecasting procedure.

The mutuality of the legal profession

It allows savings with interest, its plan gives the option of being able to use the money when it is required. The flexible savings system proposed by the insurance companies provides other types of mutual funds such as social security and mutual insurance companies for accidents at work and occupational diseases.

Mutuals are related to cooperativism and to banking and microcredit entities. With the appearance of state social security, mutual insurance companies were affected, finally they managed to increase and complement themselves with the services they offer.

The insurance compensation or damages are those awarded a sum of money to the insured in case of temporary disability be prevented to perform their normal work, the amount of money is set to making the insurance contract with the company.

Characteristics of the mutuality

The characteristics of the mutuals are:

• The correspondence of the rights and duties of the members, without deterioration of the premium or fee to pay for insurance or social security coverage.
• Preferential capacity of independent communities.
• Disinterested participation of all mutualists before government bodies regarding mutuality.
• Allocation of the surplus of the economic content directed to: the formation of a capital or patrimony of the association that is the guarantee for its commitments.

How are assets distributed within a mutual society?

The distribution of the benefits obtained among all the partners or mutualists is as follows:

1. Mutual societies have as fundamental principles:
2. The democratic organization.
3. The contribution will be consistent with the service .
4. It is aimed at education, social and mutual training.
5. It is neutral in terms of institutional, religion, union, race and politics.
6. Gather the surplus.

Examples of mutuality

1. Mutuality is the mutual assistance procedure that serves as the basis for some groups of the same name such as the mutuality of officials.
2. Solidarity is an aspect that is manifested in a practical way in these associations.
3. Insurance companies are designed to carry out actions in addition to the means of social security.