§33-27A-8. Payment of Costs and Expenses of Reorganization
All costs and expenses for the process of a reorganization under this article shall be paid for or reimbursed by the mutual insurance company, the reorganized stock company, or an intermediate holding company.
§33-27A-1. Short Title
This article may be cited as the “West Virginia Mutual to Mutual Insurance Holding Company Act.”
§33-27A-2. Definitions
As used in this article: “Intermediate holding company” means a stock corporation that owns all of the shares of voting stock of one or more recognized stock companies after a reorganization pursuant to this article. “Intermediate holding company” also means a stock company that is the parent or subsidiary of another intermediate holding company. “Mutual […]
§33-27A-3. Conversion of Mutual Insurance Company Into Stock Company That Is Majority Owned Subsidiary of Mutual Insurance Holding Company
(a) A mutual insurance company, by itself or together with one or more mutual insurance companies acting pursuant to a joint reorganization plan, may reorganize in accordance with the requirements of this article, notwithstanding other provisions of this chapter or the provisions of 23-2C-3 of this code. (b) (1) Such a reorganization plan may only […]