Conversion Of Domestic Stock Insurer To Mutual Insurer
This is Article 2 of the Code of Virginia, titled “Conversion Of Domestic Stock Insurer To Mutual Insurer.” It is part of Title 38.2, titled “Insurance.” It is part of Chapter 10, titled “Organization, Admission And Licensing Of Insurers.” It’s comprised of the following 11 sections.
- § 38.2-1006
- Conversion of a domestic stock insurer to a mutual insurer
- § 38.2-1007
- Notice to policyholders of meeting to approve conversion
- § 38.2-1008
- Conduct of and voting at meeting
- § 38.2-1009
- Payment for shares pursuant to conversion plan
- § 38.2-1010
- How acquired shares held
- § 38.2-1011
- Disposition of dividends after payments provided in conversion plan
- § 38.2-1012
- Jurisdiction to compel completion of mutualization
- § 38.2-1013
- Venue of proceedings
- § 38.2-1014
- Parties and process
- § 38.2-1015
- Determining value of stock outstanding; dismissal of petition or entry of decree requiring payment for and transfer of stock
- § 38.2-1016
- Amendment of charter and bylaws; change of name; retirement and cancellation of stock; when mutualization effective; assets and liabilities; officers and directors; general restrictions and powers