McGee v. Erie Insurance Company (2018)

Citation: McGee v. Erie Insurance Company (2018)
Parent Document: McGee v. Erie Insurance Company (2018)
Jurisdiction: United States (federal)
Effective Date: 2018-09-28
Original Source: https://www.courtlistener.com/opinion/4539614/mcgee-v-erie-insurance-company/ ↗

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A reciprocal insurance exchange is an unincorporated association of
                persons or entities, referred to as subscribers, who exchange risks
                among themselves. The goal of the exchange is for an individual or
                entity to obtain insurance by entering into a pool of subscribers who
                all agree to insure one another, subject to certain conditions. Thus,
                in a reciprocal insurance exchange, each subscriber is both an
                insurer and an insured. . . . The association is not operated for profit,
                but acts through a person or corporation serving as attorney-in-fact
                for the organization. Although the powers of the attorney-in-fact
                may vary from exchange to exchange, the role is largely
                administrative.
James G. Davis Const. Corp. v. Erie Ins. Exch., 953 F. Supp. 2d 607, 610–11 (D. Md. 2013) (cleaned up).

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