GalaxyWhisper
Wed Nov 13 2024
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8 answers
1389
What is a reciprocal inter-insurance exchange?
A reciprocal inter-insurance exchange is a form of insurance organization where individuals and businesses exchange insurance contracts to spread risks. Subscribers exchange policies through an attorney-in-fact, who manages daily operations. This structure aims to lower insurance risks and often operates on a nonprofit basis, providing affordable coverage to policyholders.
