Chapter
CONVERSION OF DOMESTIC MUTUAL INSURER TO DOMESTIC STOCK INSURER
- Mich. Comp. Laws § 500.5901— Definitions
- Mich. Comp. Laws § 500.5903— Conversion plan; vote to amend or withdraw; submission of documents to commissioner; time period for approval or disapproval; conditions; review by qualified expert; notice of meeting; vote; adoption; filing certain documents; confidentiality
- Mich. Comp. Laws § 500.5904— Plan of conversion; prohibited conduct
- Mich. Comp. Laws § 500.5905— Conversion plan; contents; provisions applicable to subscription rights
- Mich. Comp. Laws § 500.5907— Conversion plan; provisions applicable to operation as closed block of business
- Mich. Comp. Laws § 500.5909— Acquisition of capital stock of converted stock company or stock of participating corporation; limitations; prohibitions
- Mich. Comp. Laws § 500.5911— Receipt of subscription rights by directors and officers of mutual company
- Mich. Comp. Laws § 500.5913— Allocation of subscription rights to employee benefit plan
- Mich. Comp. Laws § 500.5915— Adoption of plan not relying on issuance of subscription rights; alternative plan; retaining qualified expert; “eligible member” and “U.S. branch” defined
- Mich. Comp. Laws § 500.5917— Effectiveness of plan; conditions
- Mich. Comp. Laws § 500.5919— Notice of adoption of conversion plan; right of member to rescind or cancel policy
- Mich. Comp. Laws § 500.5921— Conversion plan; continuation of corporate existence; transfer of rights, franchises, and interests; assumption of obligations and liabilities; service and election of directors and officers
- Mich. Comp. Laws § 500.5923— Payment of fee, commission, or consideration to director, officer, agent, or employee; costs and expenses
- Mich. Comp. Laws § 500.5925— Validity of actions
- Mich. Comp. Laws § 500.5927— Petition to waive notice and approval requirements