“Reciprocal” insurance defined.

§ 5701. “Reciprocal” insurance defined. “Reciprocal” insurance is that resulting from an interchange among persons, known as subscribers, of reciprocal agreements of indemnity, the interchange being effectuated through an attorney-in-fact common to all such persons.18 Del. C. 1953, § 5701; 56 Del. Laws, c. 380, § 1;