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  2. Reciprocal inter-insurance exchange - Wikipedia

    en.wikipedia.org/wiki/Reciprocal_inter-insurance...

    A reciprocal inter-insurance exchange or simply a reciprocal in the United States is an unincorporated association in which subscribers exchange insurance policies to pool and spread risk. For consumers, reciprocal exchanges often offer similar policies to those offered by a stock company or a mutual insurance company.

  3. ‘A minefield of its own making’: New investigation of USAA ...

    www.aol.com/finance/minefield-own-making...

    Starting in 2019, USAA has also faced a number of fines — $3.5 million over customer-related violations, $85 million over compliance and management issues and $140 million over weak protections ...

  4. Insurance policy - Wikipedia

    en.wikipedia.org/wiki/Insurance_policy

    In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.

  5. Loss payee clause - Wikipedia

    en.wikipedia.org/wiki/Loss_payee_clause

    The clauses are found in maritime insurance in relation to insuring mortgaged vessels. When selling land via a land contract , the seller may require the buyer to include a loss payee clause in their insurance policy to protect the seller's ongoing interest in the property until the contract is concluded.

  6. USAA members say they’ve lost trust in the bank - AOL

    www.aol.com/finance/just-nightmare-more-more...

    Car insurance rates have spiked in the US to a stunning $2,150/year — but you can be smarter than that. Here's how you can save yourself as much as $820 annually in minutes (it's 100% free)

  7. Liability insurance - Wikipedia

    en.wikipedia.org/wiki/Liability_insurance

    Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.

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