Voting policyholder means a policyholder who had a policy in force as provided in section 515G.4.90 Acts, ch 1083, §1; 2006 Acts, ch 1117, §74 515G.2 Mutual insurer becoming stock company — authorization.1. A mutual insurer may become a stock insurance company pursuant to a plan of conversion established and approved in the manner provided by this chapter. The plan of conversion shall be adopted by the board of directors of the insurer to become effective on a future stated date.2. A plan of conversion may provide that a mutual insurance company may convert into a domestic stock insurance company, convert and merge, or convert and consolidate with a domestic stock insurance company, as provided in chapter 490 or chapter 491, whichever is applicable. However, a mutual insurance company is not required to comply with sections 490.1102 and 490.1104 or sections 491.102 through 491.105 relating to approval of merger or consolidation plans by boards of directors and shareholders.3. If conversion from a mutual insurer to a stock company is to be undertaken by a transaction which would be governed by chapter 521 or 521A, but the plan of conversion adopted by the board of directors of the insurer includes approval of an acquisition of control, merger, consolidation, or reinsurance, then chapter 521 or 521A shall not be applicable to the transaction. However, in that case, the commissioner may require any information from the person or persons acquiring control of the insurer as could be required under chapter 521 or 521A, and may disapprove the transaction on any basis on which it could be disapproved under chapter 521 or 521A.90 Acts, ch 1083, §2; 2006 Acts, ch 1117, §75515G.3 Plan of conversion.1. A plan of conversion shall include all of the following:
More Definitions of Voting policyholder
Voting policyholder has the meaning specified in Section 4.1(a).
Voting policyholder means a Person who, on the Adoption Date, was the Owner of one or more Policies. VMIC may deem a Person to be a Voting Policyholder in order to correct any immaterial administrative errors or oversights.
Voting policyholder means a Policyholder entitled to vote pursuant to Section 7312(e)(3). An absolute assignee of a Policy under an assignment that satisfies the requirements specified in Section 6.1(c) below is the Voting Policyholder of that Policy as soon as the assignment is effective on the records of the Company regardless of any provision in Section 4210 of the New York Insurance Law to the contrary.
Voting policyholder means a policyholder entitled to vote pursuant to Section 7312(e)(3). An absolute assignee of a Policy under an assignment that satisfies the requirements specified in Section 6.1(c) is the Voting Policyholder of that Policy as soon as the assignment is effective on the records of the Company regardless of any provision in Section 4210 of the New York Insurance Law to the contrary. "Warrants" mean the warrants to purchase shares of Holding Company Common Stock issued to the Investors by the Holding Company for an aggregate purchase price of $10,000,000, on the terms and subject to the conditions set forth in the Investment Agreement.
Voting policyholder means the policyholders entitled to vote at the Special Meeting in accordance with Section 8 of Chapter 611.76 of the Wisconsin Statutes.