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2017 Word of the Year

reciprocal insurance

noun
1.
insurance in which members of a reciprocal exchange, acting through an attorney-in-fact, insure themselves and each other.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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Historical Examples
  • If such occur, then comes in the assistance of the reciprocal insurance.

    Freeland Theodor Hertzka

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