Effective: September 16, 1997
Latest Legislation: House Bill 370 - 122nd General Assembly
(A) A mutual insurance company may reorganize by merging its policyholders' membership interests into a domestic or foreign mutual insurance holding company and continuing the corporate existence of the mutual insurance company as a reorganized stock company. A mutual insurance company reorganizing under this section shall comply with all applicable provisions of sections 3913.25 to 3913.38 of the Revised Code, and all applicable laws of foreign jurisdictions, to effect the reorganization.
(B) A domestic or foreign mutual insurance holding company may reorganize by merging or consolidating its membership interests into another domestic or foreign mutual insurance holding company. A domestic or foreign mutual insurance holding company reorganizing under this division shall comply with all applicable provisions of sections 3913.25 to 3913.38 of the Revised Code, and all applicable laws of foreign jurisdictions, to effect the reorganization.
Structure Ohio Revised Code
Chapter 3913 | Changes in Corporate Organization or Status
Section 3913.02 | Acquisition of Stock.
Section 3913.03 | Rights and Privileges of Dissenting Stockholder.
Section 3913.04 | Appointment of Trustees - Deposit Retained by Superintendent of Insurance.
Section 3913.05 | Officers and Directors.
Section 3913.06 | Board of Directors or Trustees - Corporate Powers.
Section 3913.07 | Term of Directors or Trustees.
Section 3913.09 | Executive Committee.
Section 3913.10 | Code of Regulations.
Section 3913.11 | Conversion From Mutual Life to Stock Life Company.
Section 3913.12 | Consideration to Policyholders in Effecting Conversion.
Section 3913.13 | Appeal of Policyholder Adversely Affected.
Section 3913.20 | Conversion to Stock Insurance Corporation Other Than Life Definitions.
Section 3913.21 | Stock Insurance Conversion Definitions.
Section 3913.22 | Rights of Mutual Policyholders in Effecting Conversion.
Section 3913.23 | Appeal of Policyholder Adversely Affected.
Section 3913.25 | Reorganization of Mutual Insurance Company as Stock Insurance Company Definitions.
Section 3913.26 | Reorganization of Mutual Insurance Company as Stock Insurance Company.
Section 3913.27 | Vote on Reorganization Plan.
Section 3913.28 | Approving Reorganization Plan.
Section 3913.29 | Amendments to Articles of Incorporation.
Section 3913.30 | Continuation of Corporate Existence, Directors and Officers.
Section 3913.31 | Payment or Reimbursement of Costs and Expenses.
Section 3913.32 | Reorganization by Merging or Consolidating Membership Interests.
Section 3913.33 | Rights and Status of Membership.
Section 3913.34 | Applying Other Insurance Laws.
Section 3913.35 | Reorganization, Dissolution, Liquidation.
Section 3913.36 | Time Limit for Challenges.
Section 3913.38 | Attorney General May Review Transactions Involving Nonprofit Health Care Entities.