Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 38-2-1201 — Virginia Law | CourtGPT
  1. Home/
  2. Laws/
  3. Virginia/
  4. Title 38.2 - Insurance/
  5. Chapter 12/
  6. § 38-2-1201
Virginia Legal Code

§ 38-2-1201

Ask AI about this
A. As used in this title:\n'Reciprocal' means the aggregation of subscribers under a common name.\n'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.\nB. As used in this chapter:\n'Attorney' means the person designated and authorized by subscribers as the attorney-in-fact having authority to obligate them on reciprocal insurance contracts.\n'Subscriber' means a person obligated under a reciprocal insurance agreement.\n1952, c. 317, § 38.1-689; 1986, c. 562.