§ 4010. — 4010. (Added by Stats. 1963, Ch. 1772.)

California § 4010.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 2.: DIVISION 2. CLASSES OF INSURANCE
• Part 1.: PART 1. FIRE AND MARINE INSURANCE
• Ch. 4.: CHAPTER 4. General Mutual Insurers
• Art. 1.: ARTICLE 1. General Provisions

Text

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.

Legislative History

Added by Stats. 1963, Ch. 1772.