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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.)