A reciprocal exchange is characterized by which of the following?

A reciprocal exchange is characterized by which of the following?



a. It cannot be administered by an attorney-in-fact.

(b.) It consists of an unincorporated group of individuals.

c. It is the same as a mutual insurer.

d. The insured acts only as an insured.



Answer: B

Comments

Popular posts from this blog

In insurance,