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reciprocal insurance

noun
1.
insurance in which members of a reciprocal exchange, acting through an attorney-in-fact, insure themselves and each other.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for reciprocal insurance
  • Service on attorney of reciprocal insurance subscribers.
  • Garcia addressed the identical argument by a reciprocal insurance exchange on a motion to remand, and denied the motion.

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