New York Laws
ISC - Insurance
Article 80 - Mutual Holding Company

8001 - Definitions. - (a) "Adoption date" means the date the board of directors...

8002 - Reorganization of Mutual Life Insurer Through Formation of a Mutual Holding Company; Contents of Plan. - (b) The plan of reorganization shall contain provisions for: (1)...

8003 - Dividend Practices. - (1) continue the dividend practices of the reorganizing insurer; (2)...

8004 - Adoption of Plan; Submission of Plan to the Superintendent. - (b) The plan shall be submitted to the superintendent, together...

8005 - Amendment or Withdrawal of Plan. - § 8005. Amendment or withdrawal of plan. At any time...

8006 - Consultants. - § 8006. Consultants. The superintendent may appoint one or more...

8007 - Approval of Plan by Superintendent; Hearing. - (a) the plan is fair and equitable to policyholders; (b)...

8008 - Approval of Plan by Policyholders. - (b) Each policyholder entitled to vote on the proposal shall...

8009 - Filing a Plan; Effective Date of Reorganization. - (b) The plan of reorganization shall take effect in accordance...

8010 - Effect of Reorganization. - (a) the reorganizing insurer shall immediately become a domestic stock...

8011 - Corporate Existance. - (b) No action or proceeding pending at the time of...

8012 - Directors and Officers. - § 8012. Directors and officers. Except as otherwise provided in...

8013 - Notice of Proposed Reorganization. - (b) Neither the receipt of such policy or contract nor...

8014 - Failure to Give Notice. - § 8014. Failure to give notice. If the reorganizing insurer...

8015 - Limitations of Actions; Security. - (b) In any action referred to in subsection (a) of...

8016 - Prohibited Transactions by Officers, Directors and Employees. - § 8016. Prohibited transactions by officers, directors and employees. No...

8017 - Requirements Applicable to a Mutual Holding Company. - (1) the following provisions of article twelve of this chapter...

8018 - Other Requirements Applicable to a Stock Holding Company and a Mutual Holding Company. - (b) A mutual holding company and any stock holding company...

8019 - Conversion of Mutual Holding Company. - (1) adopted by action of three-fourths of its entire board...

8020 - Transfers of Subsidiaries. - § 8020. Transfers of subsidiaries. A reorganizing or reorganized insurer...

8021 - Limitations on Accumulation of Surplus of Mutual Holding Companies. - (b) As used in this section, the following terms shall...