reciprocal contract of interinsurance

reciprocal contract of interinsurance
contrat réciproque d'inter-assurance (2e)

English-French insurance dictionary. 2013.

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  • 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

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

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  • exchange — A voluntary association or corporation organized for the purpose of furnishing its members a convenient and suitable place to transact their business, of promoting uniformity in the customs and usages of merchants, of inculcating principles of… …   Ballentine's law dictionary

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