Delaware Code Title 18 Sec. 503 – “Reciprocal” insurer defined
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A “reciprocal” insurer is an unincorporated aggregation of subscribers operating individually and collectively through an attorney-in-fact common to all such persons to provide reciprocal insurance among themselves.
18 Del. C. 1953, § ?503; 56 Del. Laws, c. 380, § ?1;
Terms Used In Delaware Code Title 18 Sec. 503
- Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
