South Dakota Codified Laws 58-34-2. Reciprocal insurer defined
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A “reciprocal insurer” means an unincorporated aggregation of subscribers operating individually and collectively through an attorney in fact to provide reciprocal insurance among themselves.
Terms Used In South Dakota Codified Laws 58-34-2
- Attorney: as used in this chapter , refers to the attorney in fact of a reciprocal insurer. See South Dakota Codified Laws 58-34-3
Source: SL 1966, ch 111, ch 19, § 2.