Section 58-5-27 - Membership of policyholders in domestic mutual insurer--Reinsurance contract excepted

58-5-27. Membership of policyholders in domestic mutual insurer--Reinsurance contract excepted.Each policyholder of a domestic mutual insurer, other than of a reinsurance contract, is a member of the insurer with all rights and obligations of such membership, and the policy shall so specify. Source: SL 1966, ch 111, ch 16, §15 (1).