§ 33-3-102

33-3-102. Definitions. (1) A 'domestic mutual insurer' is an incorporated insurer without capital stock, and the governing body of which is elected by the policyholders. (2) A 'domestic stock insurer' is an incorporated insurer with capital divided into shares and owned by its stockholders. History: En. Secs. 419, 420, Ch. 286, L. 1959; R.C.M. 1947, 40-4702, 40-4703.