Montana Statutes
§ 33-3-102 — Definitions
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 3 DOMESTIC STOCK AND MUTUAL INSURERS·Part 1 General Provisions
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.
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Legislative History
En. Secs. 419, 420, Ch. 286, L. 1959; R.C.M. 1947, 40-4702, 40-4703.
Nearby Sections
15
§ 33-3-101
Scope Of Chapter§ 33-3-102
Definitions§ 33-3-201
Incorporation§ 33-3-202
Articles Of Incorporation -- Approval§ 33-3-205
Formation Of Mutual Insurer -- Bond§ 33-3-209
Through 33-3-214 Reserved§ 33-3-215
Mutualization Of Stock Insurer