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A mutual (cooperative) insurance company is a mutual endeavor between the company, its policyholders and the local community. We are proud of our strong local ties and the important contributions made by our company to the future growth of our community in the form of taxes, investments and leadership.
Reciprocal Insurance Exchange. Definition of reciprocal insurance exchange. Related Terms and Acronyms: credit union (CU) A non-profit, cooperative financial institution owned and controlled by the people who use its services, usually a group such as employees in the same company or industry.