reciprocal insurance
noun
insurance in which members of a reciprocal exchange, acting through an attorney-in-fact, insure themselves and each other.
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What’s The Difference Between “Assure,” “Ensure,” And “Insure”?One of our readers recently asked about the differences between assure, ensure, and insure. All three of these words ultimately derive from the Latin word sēcūrus meaning “safe.” As with many words that share ancestors, these terms’ meanings overlap thematically, but they’re not necessarily interchangeable. Here’s a look at the key differences. Assure was the first of the three to enter English with a reflexive sense of “to have …
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Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019