HF 2876

CHAPTER 204
EFFECTIVE DATE: Various

Mutual insurance companies conversions and reorganization provisions modified, and exception modified to the restriction on insuring property in certain cities.

Section 1: Definition modified.
Sec. 2: Formation modified.
Sec. 3: Reorganization plan modified.
Sec. 4: Conversion regulations established.
Sec. 5: Red ink not required.
Sec. 6: Date modified.
Sec. 7: Course accreditation criteria modified.
Sec. 8: Minimum education requirements expanded.
Sec. 9: Reinsurance authorization modified.
Sec. 10: Mutual holding companies modified.
Sec. 11: Terms modified.
Sec. 12: Life insurance company regulations modified.
Sec. 13: What may not be insured exceptions modified.

AME
5/8/06