reciprocal exchange

reciprocal exchange
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 exchange was limited to ten times the annual premium – called also interinsurance exchange, reciprocal insurance exchange, reciprocal interinsurance exchange;

Merriam-Webster’s Dictionary of Law. . 1996.

reciprocal exchange
index interchange

Burton's Legal Thesaurus. . 2006

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  • reciprocal exchange — reciprocal exchange. См. реципрокный обмен. (Источник: «Англо русский толковый словарь генетических терминов». Арефьев В.А., Лисовенко Л.А., Москва: Изд во ВНИРО, 1995 г.) …   Молекулярная биология и генетика. Толковый словарь.

  • reciprocal exchange — noun : an unincorporated association of companies or individuals set up to permit its members to take out reciprocal insurance * * * an unincorporated association formed so that its members can participate in reciprocal insurance …   Useful english dictionary

  • reciprocal exchange — an unincorporated association formed so that its members can participate in reciprocal insurance. * * * …   Universalium

  • reciprocal exchange rate — See direct quote …   Big dictionary of business and management

  • reciprocal insurance exchange — n: reciprocal exchange Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • reciprocal interinsurance exchange — n: reciprocal exchange Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • exchange theory — Exchange theories view social order as the unplanned outcome of acts of exchange between members of society. There are two major variants. Rational choice (or, as it is sometimes known, rational action) theory locates the source of order in the… …   Dictionary of sociology

  • exchange — ex·change n 1 a: a giving of something of value (as real property) in return for something of equal value (as money or property of a like kind) b in the civil law of Louisiana: a giving of something of value in return for something of equal value …   Law dictionary

  • reciprocal insurance — n: insurance through a reciprocal exchange – called also interinsurance; Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   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

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