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reciprocal insurance

American  

noun

  1. insurance in which members of a reciprocal exchange, acting through an attorney-in-fact, insure themselves and each other.


Example Sentences

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Also sometimes known as reciprocal insurance exchanges, they include USAA, Automobile Club of Southern California, Amica Mutual and NJM Insurance.

From New York Times • Nov. 18, 2016

If such occur, then comes in the assistance of the reciprocal insurance.

From Freeland A Social Anticipation by Hertzka, Theodor

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