S.D. Codified Laws § 58-5-3

Current through the 2024 Legislative Session

Section 58-5-3 - Mutual insurer defined

A "mutual" insurer is an insurance corporation without capital stock, owned by its policyholders collectively, who have the right to vote in the election of its directors.

SDCL 58-5-3

SL 1966, ch 111, ch 16, § 3.