Arizona Revised Statutes Title 20. Insurance § 20-482. Definitions

(a) The corporation was incorporated under title 10.  1

(b) A mutual holding company holds directly or indirectly at least a majority of the corporation's voting stock.

(c) The corporation holds directly or indirectly at least a majority of the voting stock of a converted stock insurer.

(a) With respect to a domestic mutual insurer, a member as described in § 20-715.

(b) With respect to a mutual holding company, any holder of one or more policies of insurance, other than a policy of reinsurance, issued by the converted stock insurer resulting from a reorganization involving the organization of a mutual holding company and, if permitted under the articles of incorporation or bylaws of the mutual holding company, may include any holder of one or more policies of insurance, other than a policy of reinsurance, issued by any other insurer that is a direct or indirect subsidiary or affiliate of the mutual holding company.

(a) With respect to a converting mutual insurer, interest as set forth in § 20-716.

(b) With respect to a mutual holding company on and after the effective date of the plan, any right that a member of the mutual holding company may hold by virtue of membership in the mutual holding company arising under the articles of incorporation and bylaws of the mutual holding company, including the right to vote for the board.

(a) Means stock of any class or any percentage ownership interest having voting power for the election of directors, trustees or management.

(b) Includes stock having voting power only by reason of the happening of a contingency.