PocketLaw | Kansas Statutes | Conversion Of Domestic Mutual Insurer

Conversion Of Domestic Mutual Insurer Into Domestic Stock Insurer

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Section
40-4001

Conversion authority; review by commissioner; act to be liberally construed.

Section
40-4002

Resolution by board of directors; plan of conversion; approval by commissioner and policyholders; withdrawal or amendment of plan.

Section
40-4003a

Plan of conversion; terms and conditions.

Section
40-4003b

Same; establishment of closed block for policyholder dividends.

Section
40-4003c

Continuation in force of policies; extinguishment of policyholder rights.

Section
40-4004

Consideration and approval or disapproval of plan by commissioner; hearings.

Section
40-4005

Same; meeting for approval by policyholders.

Section
40-4006

Limitation on ownership of voting stock of converted insurer; violations; remedies.

Section
40-4007

Prohibition on certain persons benefiting from assistance in conversion.

Section
40-4008

Issuance of certificate of authority as final act of conversion; conversion not to affect rights of insurer.

Section
40-4009

Directors and officers of mutual insurer, service.

Section
40-4010

Securities issued under plan exempt from securities laws.

Section
40-4011

Actions challenging validity of conversion; security required.

Section
40-4012

Rules and regulations.

Section
40-4013

Commissioner to charge insurer for expenses.

Section
40-4014

Filing amended articles of incorporation with secretary of state.