§ 4831 - Definitions - Vermont Statutes

§ 4831. Definitions

As used in this chapter, unless the context clearly requires otherwise:

(1) "Attorney" means the attorney-in-fact of a reciprocal insurer.

(2) "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.

(3) "Subscribers" are persons who enter into reciprocal insurance agreements under this chapter. (Added 1971, No. 31, § 1, eff. March 31, 1971.)