Provides that contracts between subscribers and attorney in fact are not related party transactions.

S 1385 clarifies that contracts between insurance policyholders ("subscribers") and their authorized representatives ("attorneys in fact"), along with any fees from these contracts, are not considered "related party transactions" under New Jersey law. This directly affects subscribers who use attorneys in fact to manage their reciprocal insurance contracts. The bill amends existing insurance law (P.L.1945, c.161) to explicitly exclude these specific contracts from related party transaction rules, preventing them from being subject to additional regulatory scrutiny. The change takes immediate effect and applies to all reciprocal insurance contracts governed by the amended statute.