§ 503 “Reciprocal” insurer defined.

18 DE Code § 503 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.