Section 58-5-27 - Membership of policyholders in domestic mutual insurer--Reinsurance contractexcepted.
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).