E Relating to insurance; authorizing and providing for the reorganization of mutual insurance holding companies into stock companies; defining or redefining certain terms and eliminating the definitions of reorganized company, converting mutual company and equitable surplus; modifying certain provisions providing for the conversion of mutual insurance companies to stock companies to accommodate the reorganization of mutual insurance holding companies to stock companies, providing for adoption of a plan of conversion by the board of directors and approval of the plan by the commissioner of commerce; specifying certain application requirements, requiring commissioner determination of completeness; modifying certain public hearing and notice requirements; requiring filing of articles of incorporation with the secretary of state; modifying certain provisions regulating the conversion and distribution of shares, changing the term policyholders to eligible members, granting eligible members the option of selling shares and modifying certain other plan options; membership interests in the converting mutual company to be extinguished on the effective date of the conversion; providing for the protection of dividend expectations of policyholders, specifying certain requirements for a closed block method of protection; modifying accounting provisions for certain ceding transactions, eliminating the requirement for actual unearned premium reserve to be carried as a liability; imposing a filing fee for large risk alternative rating option plans meeting a certain threshold requirement and including written workers compensation premiums generated from other states in calculating the threshold, appropriating money to the commissioner to verify premiums to certify the premium threshold (mk, ja)