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Mo. Rev. Stat. § 379.980

Reorganization of domestic mutual insurance company, authority

Known as the The Casualty and Surety Rate Regulatory Law

The act spans §§ 379–379 (298 sections).

Effective: 28 Aug 1996; (L. 1996 S.B. 759)

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 company shall continue its corporate existence, either at the time of the reorganization or at some later time as a stock insurance company, or as a mutual insurance company. This authority is in addition to powers granted pursuant to chapter 382.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.