Reciprocal insurer definition

Reciprocal insurer means an unincorporated aggregation of subscribers operating individually and collectively through an attorney-in-fact to provide reciprocal insurance among themselves;
Reciprocal insurer means an insurer engaging in reciprocal insurance as defined by KRS 304.27-010.
Reciprocal insurer means unincorporated aggregation

Examples of Reciprocal insurer in a sentence

  • Farm owners multiple peril insurance, including insurance reported under Line 3 (Farmowners Multiple Peril) of the NAIC’s Exhibit of Premiums and Losses (commonly known as Statutory Page 14).(x) Reciprocal insurer means an insurer organized under relevant state law as a reciprocal or interinsurance exchange.(y) Secretary means the Secretary of the U.S. Department of the Treasury.

  • Reciprocal insurer, except that its attorney-in-fact must be a corporation incorporated in this State.

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  • The management companies are the attorneys-in-fact for AIDEX, a New York Reciprocal insurer, and NJSIA, a New Jersey reciprocal insurer.

  • Reciprocal insurer insolvent or in hazardous financial condition.§ 3513.


More Definitions of Reciprocal insurer

Reciprocal insurer means Adirondack Insurance Exchange, New Jersey Skylands Insurance Association and each other reciprocal insurance company which would be a Subsidiary solely as a result of being managed by the Borrower or any of its Subsidiaries.
Reciprocal insurer means an unin- corporated aggregation of persons known as “subscribers,” operating individually and col- lectively through an attorney in fact common to all such persons, interexchanging among themselves reciprocal agreements of indem- nity. [1967 c.359 §29]
Reciprocal insurer means an unin- corporated aggregation of persons known as “subscribers,” operating individually and col- lectively through an attorney in fact common to all such persons, interexchanging among
Reciprocal insurer means an unincorporated aggregation of subscribers operating individually and collectively through a common attorney in fact to enter exchange agreements of indemnity among themselves.
Reciprocal insurer means an insurer that is an 622 unincorporated aggregation of subscribers domiciled in this 623 state operating individually and collectively through an 624 attorney in fact to provide reciprocal insurance to such
Reciprocal insurer means an unincorporated
Reciprocal insurer means an unincorporated aggregation of subscribers operating individually and collectively through an attorney-in-fact to provide reciprocal insurance among themselves. [1947 c 79 § .10.02; Rem. Supp. 1947 § 45.10.02.]