Reciprocal Exchange
Unincorporated association organized to write insurance for its members, each of whom assumes a share of the risks covered.
"Reciprocal Exchange" In Context
"Raaflaub declined to comment on exactly how much more ground Switzerland should concede, saying only that Finma had a “considerable interest” in a reciprocal exchange of information from other countries. Nor would Raaflaub give his view on the Rubik ..." This Insurance Word is available for Sponsorship Sponsor this Definition Today.