Virginia Code 38.2-1210: Contracts executed by attorney.
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Reciprocal insurance contracts shall be executed by the attorney of the reciprocal.
Terms Used In Virginia Code 38.2-1210
- Attorney: means the person designated and authorized by subscribers as the attorney-in-fact having authority to obligate them on reciprocal insurance contracts. See Virginia Code 38.2-1201
- Reciprocal: means the aggregation of subscribers under a common name. See Virginia Code 38.2-1201
Code 1950, § 38-545; 1952, c. 317, § 38.1-699; 1986, c. 562.