"Reciprocal" insurance defined

36 O.S. § 2901, under Insurance.

36 O.S. § 2901

"Reciprocal" insurance is that resulting from an inter-exchange among persons, known as "subscribers," of reciprocal agreement of indemnity, the inter-exchange being effectuated through an "attorney-in-fact" common to all such persons. Laws 1957, p. 354, § 2901.