CODE OF VIRGINIA

DEFINITIONS (§ 38.2-1201)

A. As used in this title:”Reciprocal” means the aggregation of
subscribers under a common name.”Reciprocal insurance” means
insurance resulting from the mutual exchange of insurance contracts among
persons in an unincorporated association under a common name through an
attorney-in-fact having authority to obligate each person both as insured and
insurer.

B. As used in this chapter:”Attorney” means the person designated
and authorized by subscribers as the attorney-in-fact having authority to
obligate them on reciprocal insurance contracts.”Subscriber” means a
person obligated under a reciprocal insurance agreement.

HISTORY: 1952, c. 317, § 38.1-689; 1986, c. 562.