interinsurance

[ in-ter-in-shoor-uhns, -shur- ]

noun

1. reciprocal insurance.

Word History and Origins

Origin of interinsurance¹

inter- + insurance

Example Sentences

According to Consumer Watchdog’s running tally of rate increases approved so far, drivers with the Interinsurance Exchange of the Auto Club will be paying $75 more per insured vehicle.

From Los Angeles Times

The Interinsurance Exchange of the Automobile Club, which collected $2.1 billion in premiums last year, writes homeowners insurance policies in Missouri, Texas and California.

From Scientific American