Colorado Statutes
§ 10-12-403 — Mutual insurer defined
For purposes of this part 4, 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.
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Legislative History
Source: L. 91: Entire part added, p. 1219, � 1, effective May 24.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
Company unauthorized in other states