Mutual Insurance Company Conversion, Reorganization and Merger Act

  1. Law
  2. Mississippi Code
  3. Insurance
  4. Mutual Companies
  5. Mutual Insurance Company Conversion, Reorganization and Merger Act

Checkout our iOS App for a better way to browser and research.

Section
83-31-101

Short title

Section
83-31-103

Definitions

Section
83-31-105

Conversion plan adoption and approval

Section
83-31-107

Commissioner approval of conversion plan; public hearings

Section
83-31-109

Notice to eligible members and comments; amendment and termination of plan

Section
83-31-111

Member meeting notice for voting on conversion plan

Section
83-31-113

Member votes on plan and amending or restating articles of association

Section
83-31-115

Filing minutes concerning member plan adoption meeting

Section
83-31-117

Conversion plan requirements; effect on existing policies; nonparticipating policies

Section
83-31-119

Subscription rights and alternatives

Section
83-31-121

Capital stock sales and restrictions

Section
83-31-125

Liquidation account to be created

Section
83-31-127

Alternative conversion plans that do not rely on nontransferable subscription rights

Section
83-31-129

Requirements for conversion plan to take effect; member rights

Section
83-31-131

Results on plan effective date

Section
83-31-133

Fees, costs and expenses

Section
83-31-135

Good faith failure to provide notice

Section
83-31-137

Actions challenging validity

Section
83-31-139

Insolvent companies or companies in financially hazardous condition; waiver

Section
83-31-141

Requirements for acquiring control; converted company rights, privileges and compliance

Section
83-31-143

Endorsement or rider extinguishing policy rights

Section
83-31-145

Definitions applicable to mutual insurance holding company provisions

Section
83-31-147

Holding company voting share ownership; securities issuance

Section
83-31-149

Domestic mutual insurance holding company powers and compliance with nonprofit private corporation provisions

Section
83-31-151

Reorganization and subsidiaries

Section
83-31-153

Reorganization plan requirements; adoption and approval

Section
83-31-155

Dividends and distributions to members

Section
83-31-157

Holding company merger or consolidation

Section
83-31-159

Filing and approval of articles of association

Section
83-31-161

Amending articles of association

Section
83-31-163

Bylaws

Section
83-31-165

Directors

Section
83-31-167

Dissolution, liquidation, commissioner jurisdiction and investments

Section
83-31-169

Membership requirements

Section
83-31-171

Voluntary dissolution

Section
83-31-173

Provisions applicable to mutual insurance holding companies; exemptions from certain provisions

Section
83-31-175

Actions challenging validity

Section
83-31-177

Mutual insurance holding company conversion to stock holding company

Section
83-31-179

Fees, costs and expenses

Section
83-31-181

Rules and regulations