As used in §§ 23-69-101 -- 23-69-103, 23-69-105 -- 23-69-141, 23-69-143, and 23-69-149 -- 23-69-156, unless the context otherwise requires:
(1) A "stock" insurer is an incorporated insurer with capital divided into shares and owned by its stockholders;
(2) A "mutual" insurer is an incorporated insurer without permanent capital stock and the governing body of which is elected as provided in §§ 23-69-101 -- 23-69-103, 23-69-105 -- 23-69-141, 23-69-143, and 23-69-149 -- 23-69-156.
Section: 23-69-102 23-69-103 23-69-104 23-69-105 23-69-106 23-69-107 23-69-108 23-69-109 23-69-110 23-69-111 23-69-112 23-69-113 23-69-114 23-69-115 NextLast modified: November 15, 2016