§3444. Demutualization of a mutual insurance holding company

Link to law: http://legislature.vermont.gov/statutes/section/08/101/03444
Published: 2015

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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

101

:
INSURANCE COMPANIES GENERALLY






Subchapter

003A
:
MUTUAL INSURANCE HOLDING COMPANIES










 

§

3444. Demutualization of a mutual insurance holding company

(a) Sections

3422 and 3423 of this title are not applicable to a reorganization or merger

pursuant to section 3441 or 3442 of this title.

(b) Sections

3422 and 3423 of this title are applicable to the demutualization of a mutual

insurance holding company that resulted from the reorganization of a domestic

mutual insurance company pursuant to section 3441 as if it were a mutual

insurance company. (Added 1995, No. 167 (Adj. Sess.), § 29a.)
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