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A reinsurer that is licensed to accept reinsurance in a state or territory is an Authorized Reinsurer.
Reciprocal insurers are unincorporated groups of people that agree to insure each others losses under contract. Policyholders are called subscribers, and each one owns a part of the company by purchasing a policy.
A reciprocal jurisdiction is a non-U.S. jurisdiction that is subject to the in-force covered agreement with the United States and the European Union pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act that addresses the elimination of collateral requirements as a condition for entering into a
Reciprocal insurance exchanges are a form of insurance organization in which individuals and businesses exchange insurance contracts and spread the risks associated with those contracts among themselves. Policyholders of a reciprocal insurance exchange are referred to as subscribers.
A Reciprocal release (also known as a Mutual Release Agreement) is a contract that essentially releases both parties.
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