Insurance Law 1210 — Legislation
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SECTION 1209
Management and by-laws of mutual insurance corporations
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ARTICLE 12
Organization and Corporate Procedure
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SECTION 1211
Mutual insurance corporations; membership and dividends
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SECTION 1210
By-laws of domestic stock life insurance companies
Insurance (ISC) CHAPTER 28, ARTICLE 12
§ 1210. By-laws of domestic stock life insurance companies. No by-law
or amendment or repeal of a by-law of any domestic stock life insurance
company shall be effective until approved by the superintendent. The
superintendent may refuse such approval if he finds that such by-law or
amendment or repeal does not conform with the requirements of law, or is
not equitable to the company's policyholders, or is inconsistent with
the objects and purposes of such company.