379.980. Reorganization of domestic mutual insurance company, authority. - Missouri Statutes

Reorganization of domestic mutual insurance company, authority.

379.980. A domestic mutual insurance company organized and operatingunder this chapter may reorganize by forming a mutual insurance holdingcompany as described in section 379.985, or by merging its policyholders'membership into such a mutual insurance holding company. The reorganizedinsurance company shall continue its corporate existence, either at thetime of the reorganization or at some later time as a stock insurancecompany, or as a mutual insurance company. This authority is in additionto powers granted pursuant to chapter 382, RSMo.

(L. 1996 S.B. 759)