What is a nonprofit organization that provides insurance to its members called?

A nonprofit organization that provides insurance to its members is referred to as a fraternal benefit insurer. These insurers are designed to provide benefits to members who share a common bond, such as a religion, lodges, or other affiliations. They often offer life insurance, health insurance, and other types of coverage to their members at lower rates than traditional insurers, as they operate for the benefit of their members rather than for profit.

Fraternal benefit insurers also engage in social activities and provide additional services to their members, reinforcing the community aspect of the organization. This structure allows them to offer unique benefits that may not be available through standard insurance companies, fostering a sense of belonging among members.