694B.010 - “Reciprocal” insurance defined.
694B.010 “Reciprocal” insurance defined. As used in this Code, “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.
(Added to NRS by 1971, 1827)