Cal. Insurance Code § 1303 : California Insurance Code — General Rules Governing Insurance — Reciprocal Insurers — Organization Of Exchange — Reciprocal or interinsurance exchange deemed insurer, subscriber deemed insured Date: 15 Sep 2016 TEXT PDF Current through the 2016 Legislative Session The organization under which such subscribers so exchange contracts is termed a reciprocal or interinsurance exchange, and shall be deemed the insurer while each subscriber shall be deemed an insured. Ca. Ins. Code § 1303