Converting mutual insurer definition

Converting mutual insurer means a domestic mutual insurer that is converting to a domestic stock insurer as part of a reorganization.
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Converting mutual insurer means a Minnesota domestic mutual insurance company seeking to reorganize according to this section.
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Converting mutual insurer means a domestic mutual insurer that is converted to a domestic stock insurer in accordance with ORS 732.600 to 732.630.
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Examples of Converting mutual insurer in a sentence

  • Converting mutual insurer (a) A mutual insurer may become a stock insurer under such reasonable plan and procedure as may be approved by the Commissioner after a hearing thereon of which notice was given to the insurer, its directors or trustees, its officers, employees and its members, all of whom shall have the right to appear at the hearing.

  • Medmarc shall file the Plan of Conversion with the Commissioner (“Commissioner”) of the Department of Financial Regulation of the State of Vermont (the “Department”) in accordance with 8 V.S.A. § 3423 (Converting mutual insurer or mutual insurance holding company) of the Vermont Insurance Code (“Conversion Statute”).


More Definitions of Converting mutual insurer

Converting mutual insurer means a domestic mutual insurer
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Converting mutual insurer means [the] a domestic mutual insurer that is converted to a
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Related to Converting mutual insurer

  • Qualified Insurer A mortgage guaranty insurance company duly authorized and licensed where required by law to transact mortgage guaranty insurance business and approved as an insurer by Xxxxxx Xxx or Xxxxxxx Mac.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud.

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

  • Authorized insurer means, in the case of an interstate motor carrier whose operations may or may

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;