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Conversion Of Domestic Mutual Insurer Into Domestic Stock Insurer
Law
Kansas Statutes
Insurance
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.