A “reciprocal” insurer is an unincorporated aggregation of subscribers operating individually and collectively through an attorney-in-fact common to all such persons to provide reciprocal insurance among themselves.
Effective: June 18, 1970
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Terms Used In Kentucky Statutes 304.3-030

  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.

History: Created 1970 Ky. Acts ch. 301, subtit. 3, sec. 3, effective June 18, 1970.

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