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.