Legislative Session number- 84

Bill Name: HF2876

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