Delaware Code Title 18 Sec. 5701 – “Reciprocal” insurance defined
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“Reciprocal” insurance is that resulting from an interchange among persons, known as subscribers, of reciprocal agreements of indemnity, the interchange being effectuated through an attorney-in-fact common to all such persons.
18 Del. C. 1953, § ?5701; 56 Del. Laws, c. 380, § ?1;
Terms Used In Delaware Code Title 18 Sec. 5701
- 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.