District of Columbia Code
Title 31 - Insurance and Securities
Chapter 9 - Insurance Demutualization

§ 31–901. Definitions - For the purposes of this chapter, the term: (1) “Converted...

§ 31–902. Adoption of the plan of conversion by the board of directors - (a) A mutual company seeking to convert to a stock...

§ 31–903. Approval of the plan of conversion by the Commissioner of the Department of Insurance, Securities, and Banking - (a) After adoption by the mutual company’s board of directors,...

§ 31–904. Approval of the plan by the members - (a) All eligible members shall be given notice of and...

§ 31–905. Adoption of revised articles of incorporation - (a) Adoption of the revised articles of incorporation of the...

§ 31–905.01. Acquiring, offering securities issued in connection with a plan of conversion - Prior to implementation of a plan of conversion adopted by...

§ 31–906. Required provisions in a plan of conversion - (a) The plan shall set forth the reasons for the...

§ 31–907. Optional provisions in a plan of conversion - (a) The following provisions may be included in the plan:...

§ 31–908. Alternative plan of conversion - The board of directors may adopt a plan of conversion...

§ 31–909. Effective date of the plan - A plan shall become effective when the Commissioner has approved...

§ 31–910. Rights of members whose policies are issued after adoption of the plan and before its effective date - (a) All members whose policies are issued after the proposed...

§ 31–911. Corporate existence - (a) Upon the conversion of a mutual company to a...

§ 31–912. Conflict of interest - No director, officer, agent, or employee of the mutual company,...

§ 31–913. Costs and expenses - All costs and expenses connected with a plan of conversion...

§ 31–914. Failure to give notice - If the mutual company complies substantially and in good faith...

§ 31–915. Limitation of actions - Any action challenging the validity of or arising out of...