RIGHTS OF MUTUAL MEMBERS IN GENERAL.

  1. Law
  2. Idaho Code
  3. INSURANCE
  4. ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS
  5. RIGHTS OF MUTUAL MEMBERS IN GENERAL.

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41-2831. RIGHTS OF MUTUAL MEMBERS IN GENERAL. (1) A domestic mutual insurer is owned by and shall be operated in the interest of its members.

(2) With respect to the management, records and affairs of the insurer, a member of a mutual insurer shall have the same character of rights and relationship as a stockholder has toward a domestic stock insurer, subject to the provisions of this code.

History:

[41-2831, added 1961, ch. 330, sec. 599, p. 645.]


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