Insurance Code - INS
DIVISION 2. CLASSES OF INSURANCE [1880 - 12880.6]
( Division 2 enacted by Stats. 1935, Ch. 145. ) PART 1. FIRE AND MARINE INSURANCE [1880 - 10108.1]
( Part 1 enacted by Stats. 1935, Ch. 145. ) CHAPTER 4. General Mutual Insurers [4010 - 4097.20]
( Chapter 4 added by Stats. 1963, Ch. 1772. ) ARTICLE 1. General Provisions [4010 - 4019]
( Article 1 added by Stats. 1963, Ch. 1772. ) 4010.
A “mutual” insurer is an insurance corporation without capital stock owned by its policyholders collectively, who have the right to vote in the election of its directors.
(Added by Stats. 1963, Ch. 1772.)