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§ 4970. Finding; purpose. - (a) It is determined and declared as a matter of...
§ 4971. Short title of chapter. - This chapter shall be known and may be cited as...
§ 4972. Definitions. - As used in this chapter, the following words and phrases...
§ 4973. Adoption of plan of conversion. - (a) No plan of conversion shall become effective unless the...
§ 4974. Redomestication and conversion. - (a) A foreign mutual insurer or foreign mutual holding company...
§ 4975. Required provisions of plan of conversion. - (a) The following provisions shall be included in the plan:...
§ 4976. Closed block of business for participating life policies. - (a) A plan that is adopted by a mutual company...
§ 4977. Optional provisions of plan of conversion. - (a) The plan may provide that the directors, officers, and...
§ 4978. Alternative plan of conversion. - (a) The governing body may adopt a plan of conversion...
§ 4979. Effective date of plan. - A plan is effective when the Commissioner has approved the...
§ 4980. Rights of members whose policies are issued after adoption of plan and before effective date. - (a) All members whose policies are issued after the proposed...
§ 4981. Corporate existence. - (a) On the effective date of the conversion, the corporate...
§ 4982. Conflict of interest. - (a) A director, officer, agent, or employee of the mutual...
§ 4983. Failure to give notice. - If the mutual company complies substantially and in good faith...
§ 4984. Limitation on actions. - Any action challenging the validity of or arising out of...
§ 4985. Mutual company insolvent or in hazardous financial condition. - (a) If a mutual company seeking to convert is insolvent...
§ 4986. Rules and regulations. - The Commissioner may promulgate rules and regulations to administer and...
§ 4987. Laws applicable to converted stock company. - (a) No mutual company shall be permitted to convert under...
§ 4988. Commencement of business as a stock insurer. - No mutual company shall have the power to engage in...
§ 4989. Amendment of policies. - A mutual company, by endorsement or rider approved by the...
§ 4990. Prohibition on acquisitions of control. - Except as otherwise specifically provided in § 4975 of this...
§ 4991. Applicability to existing mutual insurers. - (a) Except as provided in subsection (b) of this section,...