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Delaware Code

49A

Del. Code Ann. tit. 18, ch. 49A

Delaware Insurance Company Mutual-to-stock Conversion Act

4970Finding; purpose 4971Short title of chapter 4972Definitions 4973Adoption of plan of conversion 4974Redomestication and conversion 4975Required provisions of plan of conversion 4976Closed block of business for participating life policies 4977Optional provisions of plan of conversion 4978Alternative plan of conversion 4979Effective date of plan 4980Rights of members whose policies are issued after adoption of plan and before effective date 4981Corporate existence 4982Conflict of interest 4983Failure to give notice 4984Limitation on actions 4985Mutual company insolvent or in hazardous financial condition 4986Rules and regulations 4987Laws applicable to converted stock company 4988Commencement of business as a stock insurer 4989Amendment of policies 4990Prohibition on acquisitions of control 4991Applicability to existing mutual insurers