The Regulation of Reciprocal Insurance Exchanges [Discussion]

Like the American Indian, with his intangible political status, the reciprocals constitute a quasi-separate segment of the insurance industry whose corporate legal status is neither fully defined nor definable, representing a peculiarity not uncommon in the American way of doing things. In fact, in chapter 1, Dr. Reinmuth does state that reciprocals are indeed typically and exclusively American in origin and existence. There are few books on the subject of reciprocals, and so this author deserves special congratulations and thanks for his effort.