A reciprocal exchange is:
A) a nonprofit corporation
B) unincorporated
C) a mutual insurance company
D) a federal insurance company

Question

Quizplus · Accepted Answer

A reciprocal exchange refers to an unincorporated mutual insurance arrangement where members insure each other's risks. Unlike traditional insurance companies, it operates on a reciprocal basis where members, also known as subscribers, agree to share each other's losses.

A Reciprocal Exchange Is