Section 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.En. Secs. 419, 420, Ch. 286, L. 1959; R.C.M. 1947, 40-4702, 40-4703.