Nevada Revised Statutes 694B.010 – ‘Reciprocal’ insurance defined
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As used in this Code, ‘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.
Terms Used In Nevada Revised Statutes 694B.010
- 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.