58-5-107. Participating policyholder as member.
Wherever, in any statutory provision, there is use of the word "member" as applying to a mutual and stock insurance company, the same shall be construed as meaning a participating policyholder of such company and shall have no connotation of membership in such company as when used with reference to mutual insurers.
Source: SL 1966, ch 111, ch 16, §19.