58-5-107. Participating policyholder as member.
52 words·~1 min read·
/sd/title-58/chapter-58-5/58-5-107·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.