Reciprocal exchange refers unincorporated mutual insuring organization in which insurance is exchanged among members and which is managed by an attorney-in-fact.
Category: Banking & Finance
Share it: Cite
Previous: ← Rebating
Next: Reinstatement clause →
More from this Section
- Law of large numbers
Law of large numbers is the concept that seemingly random events will follow predictable ...
- Foreign Exchange Rate
Foreign Exchange Rate is the value of a nation’s currency in terms of another nation’s ...
- Loan Workout Specialists
With the substantial number of business failures in recent years many loans to business ...
- Agreement among underwriters
Agreement among underwriters is a contract among participating members of a syndicate ...
- Charter of incorporation
Charter of incorporation is a license to open and operate a commercial bank, issued by ...