58-5-107. Participating policyholder as member.Wherever, in any statutory provision, there is use of the word 'member' as applying to a mutual and stock insurance company, the same shall be construed as meaning a participating policyholder of such company and shall have no connotation of membership in such company as when used with reference to mutual insurers. Source: SL 1966, ch 111, ch 16, §19.
South Dakota Legal Code