58-5-27. Membership of policyholders in domestic mutual insurer--Reinsurance contract excepted.
33 words·~1 min read·
/sd/title-58/chapter-58-5/58-5-27·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.