Article 2 Conversion of Domestic Stock Insurer to Mutual Insurer

This article is comprised of the following 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