GEORGIA CODE (Last Updated: August 20, 2013) |
Title 33. INSURANCE |
Chapter 14. DOMESTIC STOCK AND MUTUAL INSURERS |
Article 1. GENERAL PROVISIONS |
Section 33-14-2. Definitions
Latest version.
- 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.