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