| 单词 | reciprocal exchange |
| 释义 | 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; |
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