Voting policyholder definition

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:
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Voting policyholder means a policyholder who had a policy in force as provided in section 515G.4.90 Acts, ch 1083,
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Voting policyholder means a policyholder who had a policy in force as provided in section 515G.4.
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Examples of Voting policyholder in a sentence

  • Written notice by the MIHC of such Public Hearing, in a form satisfactory to the Commissioner, shall be mailed by priority mail or delivered by the MIHC at the MIHC's expense at least 30 days prior to the Public Hearing to each Voting Policyholder, and other interested persons as determined by the Commissioner.

  • The custodian or employer-sponsor holding such group annuity contracts shall not be a Voting Policyholder or an Eligible Policyholder or an Owner.

  • The notice of the Members’ Meeting mailed to each Voting Policyholder as described in Section 6.2 shall include a ballot and self-addressed stamped envelope so that each Voting Policyholder may vote, or grant his proxy to VMIC, in advance of the Members’ Meeting by returning the ballot to VMIC.

  • The trustee of any such trust established by the Company shall not be a Voting Policyholder or an Eligible Policyholder or an Owner.

  • Such notice and ballot shall be mailed to the address of each Voting Policyholder as it appears on the records of the Company, except in instances where mailing of notice is not feasible as determined by the Commissioner.

  • Each Voting Policyholder shall be entitled to vote by proxy or in person at the Special Meeting.

  • Two or more Persons who are the Owners of a single Policy and who are one Owner shall be deemed one Voting Policyholder for purposes of voting and shall collectively be entitled to one vote as provided in the Amended and Restated Bylaws of SFM.

  • Such notice of Members' Meeting may be mailed together with the notice of Public Hearing pursuant to Section 3.3. The notice shall set forth the reasons for the ballot vote and the time, date and place of the Members' Meeting, and shall enclose a ballot for each Voting Policyholder.

  • Two or more persons who are the Owners of a single Policy and who are one Member shall be deemed one Voting Policyholder for purposes of voting and collectively shall be entitled to one vote.

  • Based on Company Records, each Voting Policyholder shall be entitled to one vote pursuant to Chapter 508B and the Articles of Incorporation of the MIHC, 11 15 regardless of the number of Policies or amount of insurance and benefits held by or issued to such Voting Policyholder.


More Definitions of Voting policyholder

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
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Voting policyholder has the meaning specified in Section 4.1(a).
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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.
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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.
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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. ARTICLE II PURPOSE OF REORGANIZATION The principal purpose of the Reorganization of the Company pursuant to the Plan is to convert the Company from a mutual life insurer to a stock life insurer thereby permitting it to obtain equity capital from 4 8 sources that are unavailable to it as a mutual insurer. Such equity capital is expected to enhance the Company's business and competitive position and to strengthen its capital base. As a mutual life insurer, the Company can increase its capital only through retained surplus contributed by its businesses or through the sale of surplus notes or similar instruments issued by it. Neither source is fully adequate to generate substantial surplus accumulations or to provide permanent capital to the Company. Under the Plan, the Company shall become a wholly-owned subsidiary of the Holding Company. After the Reorganization, as a stock insurance company subsidiary of the Holding Company, the Company will have access through the Holding Company to the capital markets, enabling the Company to obtain equity capital from a variety of sources. In addition, the reorganization of the Company pursuant to the Plan will provide Eligible Policyholders with shares of Holding Company Common Stock, cash or Policy Credits in exchange for their Policyholders' Membership Interests. Thus, Eligible Policyholders will realize economic value from their Policyholders' Membership Interests that is otherwise currently unavailable to them. ARTICLE III FORM OF REORGANIZATION 3.1
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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.
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Related to Voting policyholder

  • Policyholder means the adult person named in the Schedule who has concluded the Policy with the Company.

  • Policyholder behavior means any action a policyholder, contract holder, or any other person with the right to elect options, such as a certificate holder, may take under a policy or contract subject to this section including but not limited to lapse, withdrawal, transfer, deposit, premium payment, loan, annuitization, or benefit elections prescribed by the policy or contract, but excluding events of mortality or morbidity that result in benefits prescribed in their essential aspects by the terms of the policy or contract.

  • Trading Policy means the Company’s policy permitting certain individuals to sell Company shares only during certain “window” periods and/or otherwise restricts the ability of certain individuals to transfer or encumber Company shares, as in effect from time to time.

  • voting information means postal voting information and/or e-voting information 1.2 Other expressions used in these rules and in Schedule 7 to the NHS Act 2006 have the same meaning in these rules as in that Schedule.

  • Insider Trading Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • Safeguard Policy Statement or “SPS” means ADB's Safeguard Policy Statement (2009);

  • Business Associate means the Contractor.

  • Internal confidentiality agreement or statement means a confidentiality agreement or any other written statement that the contractor requires any of its employees or subcontractors to sign regarding nondisclosure of contractor information, except that it does not include confidentiality agreements arising out of civil litigation or confidentiality agreements that contractor employees or subcontractors sign at the behest of a Federal agency.

  • Privacy Policies has the meaning set forth in Section 3.21.

  • Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such payer’s annual income but shall exclude relationships in which the payment is based on arm’s length transactions.

  • Policy Grievance shall be signed by a xxxxxxx or a Union representative or, in the case of an Employer's policy grievance, by the Employer or its representative.

  • Covered Entity means any of the following:

  • Policy Owner means the owner named in the policy or the certificate holder in the case of a group policy.