- interinsurance exchange
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interinsurance exchange n: reciprocal exchange
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
interinsurance exchange
Look at other dictionaries:
reciprocal interinsurance exchange — n: reciprocal exchange Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
exchange — A voluntary association or corporation organized for the purpose of furnishing its members a convenient and suitable place to transact their business, of promoting uniformity in the customs and usages of merchants, of inculcating principles of… … Ballentine's law dictionary
interinsurance — n. reciprocal insurance, form of insurance in which members of a reciprocal exchange insure themselves and the other members … English contemporary dictionary
Reciprocal inter-insurance exchange — A reciprocal inter insurance exchange, is an insurance company referred to in United States state legislation as either a reciprocal insurance exchange, a reciprocal interinsurance exchange, or perhaps most properly a reciprocal inter insurance… … Wikipedia
reciprocal exchange — n: an unincorporated association in which members (as individuals, partnerships, trustees, or corporations) exchange contracts and pay premiums through an attorney in fact for the insurance of each other liability of each member of the reciprocal … Law dictionary
insurance exchange — An association of insurance companies or insurance agents for the purpose of promoting the business, welfare, and convenience of the members, and to secure uniformity in the insurance business. 29 Am J Rev ed Ins § 109. In another and distinct… … Ballentine's law dictionary
reciprocal — Given or owed mutually as between two persons; interchanged. Reciprocal obligations are those due from one person to another and vice versa. See also reciprocity reciprocal contract @ reciprocal dealing arrangement As included within prohibitions … Black's law dictionary
USAA — Infobox Company company name = United Services Automobile Association company type = Reciprocal company foundation = 1922 location = San Antonio, Texas, USA key people = John H. Moellering, Chairman Josue Robles, Jr, President and Chief Executive … Wikipedia
reciprocal insurance — noun : a plan of insurance by which each member of a reciprocal exchange acting through an attorney in fact becomes an insurer of and is insured by every other member called also interinsurance * * * insurance in which members of a reciprocal… … Useful english dictionary
reciprocal insurance — n: insurance through a reciprocal exchange – called also interinsurance; Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
