Section 379.980 – Reorganization of domestic mutual insurance company, authority.

Effective – 28 Aug 1996 379.980. Reorganization of domestic mutual insurance company, authority. — A domestic mutual insurance company organized and operating under this chapter may reorganize by forming a mutual insurance holding company as described in section 379.985, or by merging its policyholders’ membership into such a mutual insurance holding company. The reorganized insurance […]

Section 379.982 – Formation of holding company, application — shareholder approval — issuance of shares.

Effective – 28 Aug 1996 379.982. Formation of holding company, application — shareholder approval — issuance of shares. — 1. A mutual insurance company proposing to reorganize pursuant to sections 379.980 to 379.988 shall form a mutual insurance holding company, hereafter referred to in sections 379.980 to 379.988 as a “mutual holding company”, and shall […]

Section 379.985 – Member’s interest — nontransference of membership — immunity from liability — assessments, not imposed — security, membership interest.

Effective – 28 Aug 1996 379.985. Member’s interest — nontransference of membership — immunity from liability — assessments, not imposed — security, membership interest. — 1. The membership interests of the policyholders of a reorganized insurance company shall become membership interests in the mutual holding company. Policyholders of the reorganized insurance company shall be members […]

Section 379.987 – Nonapplicability of certain provisions of insurance holding companies law — incorporation of mutual holding company, authority, approval — powers of mutual holding company, engaging in business of insurance, no authority, affiliation and merger agreements.

Effective – 28 Aug 1996 379.987. Nonapplicability of certain provisions of insurance holding companies law — incorporation of mutual holding company, authority, approval — powers of mutual holding company, engaging in business of insurance, no authority, affiliation and merger agreements. — 1. Sections 382.040, 382.060 and 382.095 are not applicable to a reorganization or merger […]

Section 379.988 – Mutual holding company subject to supervision of director, dissolution or liquidation — demutualization.

Effective – 28 Aug 1996 379.988. Mutual holding company subject to supervision of director, dissolution or liquidation — demutualization. — 1. A mutual holding company is subject to supervision of the director in the same manner as an insurer subject to the provisions of this chapter and shall automatically be a party to any proceeding […]