Definitions

  1. Law
  2. Georgia Code
  3. Insurance
  4. Domestic Stock and Mutual Insurers
  5. General Provisions
  6. Definitions

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As used in this chapter, the term:

  1. "Mutual insurer" means an incorporated insurer without capital stock or shares which is owned and governed by its policyholders.
  2. "Stock insurer" means an incorporated insurer with capital divided into shares and owned by its shareholders.

(Code 1933, § 56-1502, enacted by Ga. L. 1960, p. 289, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 43 Am. Jur. 2d, Insurance, §§ 58, 66.

C.J.S.

- 44 C.J.S., Insurance, §§ 162 et seq., 181 et seq.


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