Armed and organized resistance to the laws or operations of the government.
Receivership
Condition of a business or individual over whom a receiver has been appointed for protection of its assets and for ultimate sale and distribution to creditors.
Recipient Property
One upon which the insured is dependent to purchase its products or goods sold by it.
Reciprocal Insurance
Insurance which is administrated by an exchange in which each insured is the insurer of the other members of the plan.
Recision
The right to cancel a contract for certain kinds of default by the other contracting party.