MLchartDataset catalogue

Reciprocal insurance

Term · Insurance and risk management · MLC-T-INS-002816

A form of insurance where a group of individuals or businesses, called subscribers, agree to exchange insurance contracts with each other. Each subscriber is both an insured and an insurer, sharing in the risks and rewards of the collective. An attorney-in-fact manages the operations, underwriting, and claims for the reciprocal exchange.

Table 1. Record
IdentifierMLC-T-INS-002816
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002816",
  "term": "Reciprocal insurance",
  "field": "Insurance and risk management",
  "definition": "A form of insurance where a group of individuals or businesses, called subscribers, agree to exchange insurance contracts with each other. Each subscriber is both an insured and an insurer, sharing in the risks and rewards of the collective. An attorney-in-fact manages the operations, underwriting, and claims for the reciprocal exchange.",
  "url": "https://mlchart.com/terminology/insurance/reciprocal-insurance/"
}

Record 2,876 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.