2005 Idaho Code - 41-302 — "MUTUAL" INSURER DEFINED

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 3
                          AUTHORIZATION OF INSURERS
                           AND GENERAL REQUIREMENTS
    41-302.  "MUTUAL" INSURER DEFINED. A "mutual" insurer is an incorporated
insurer without capital stock and the governing body of which is elected by
its policy holders. This definition shall not be deemed to exclude as "mutual"
insurers certain foreign insurers found by the director to be organized on the
mutual plan under the laws of their states of domicile, but having temporary
share capital or providing for election of the insurer's governing body on a
reasonable basis by policy holders and others.