A reciprocal insurer shall:
- (1) Have and use a business name. The name shall include the word “reciprocal” or “interinsurer” or “interinsurance” or “exchange” or “underwriters” or “underwriting” or “association.”
- (2) Sue and be sued in its own name.
18 Del. C. 1953, § 5704; 56 Del. Laws, c. 380, § 1