Insurance Law 7315 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 7313 Reorganization of domestic mutual accident and health insurance companies up ARTICLE 73 Conversion to Different Type of Insurer next SECTION 7316 Conversion of savings banks life insurance into a mutual life insurance company Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 7315 Reorganization of domestic life insurance companies Insurance (ISC) CHAPTER 28, ARTICLE 73 § 7315. Reorganization of domestic life insurance companies. Notwithstanding any other provision of this chapter, a domestic mutual life insurance company which has a surplus of less than one million dollars as shown on its last filed annual statement may reorganize into a domestic stock life insurance company in accordance with a plan of reorganization found by the superintendent to be fair and equitable.