304.27-010 "Reciprocal insurance" defined. "Reciprocal insurance" is that resulting from an inter-exchange among persons, known as "subscribers," of reciprocal agreements of inter-exchange being effectuated through an "attorney-in-fact" common to all such persons. indemnity, the Effective: June 18, 1970 History: Created 1970 Ky. Acts ch. 301, subtit. 27, sec. 1, effective June 18, 1970.