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reciprocal insurance

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reciprocal insurance

–noun
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. 2009.
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Legal Dictionary

Main Entry: reciprocal insurance
Function: noun
: insurance through a reciprocal exchange called also interinsurance
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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