As used in the Insurance 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. History: Laws 1984, ch. 127, § 658. ANNOTATIONSCross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto. Am. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance §§ 77 to 83.
New Mexico Legal Code