Did you mean: Reciprocal interinsurance exchange
A reciprocal insurance exchange is a type of organization where individuals and businesses exchange insurance contracts. · This exchange, which includes two ...
People also ask
What is a reciprocal interinsurance exchange?
How does reciprocal exchange work?
What is reciprocal inward reinsurance?
What is a reciprocal interchange?
A reciprocal insurance exchange is a type of unincorporated insurance company structure that is also called a reciprocal interinsurance exchange.
A reciprocal inter-insurance exchange or simply a reciprocal in the United States is an unincorporated association in which subscribers exchange insurance ...
A reciprocal insurance exchange (or reciprocal) is a form of risk transfer that a group of members or “Subscribers” will set up and fund as an alternative ...
The benefit to reciprocal insurance exchanges is that when there are few losses, all members benefit by sharing in underwriting profits and earning dividends.
A reciprocal insurance exchange is a type of insurance company where the carrier is owned by policyholders but managed by a separate entity.
Such a contract may be executed by an attorney or other representative designated "attorney," in sections 3931.01 to 3931.12 of the Revised Code, authorized by ...
An unincorporated association in which members (as individuals, partnerships, trustees, or corporations) exchange contracts and pay premiums through an attorney ...
(3) "Reciprocal or interinsurance contract" means an insurance policy or other contract that provides indemnity among a group of subscribers for certain losses.
Mar 25, 2019 · In coming to the conclusion that reciprocal insurance exchanges are unincorporated associations and share citizenship with their subscribers, ...
People also search for