Insurance Company Mutual-to-Stock Conversion

Insurance Company Mutual-to-Stock Conversion SSL Draft

Summary:

This Act establishes a process to enable a mutual insurer to convert to a stock insurer in a manner consistent with the manner in which a mutual savings institution converts from mutual to a stock form under federal law and regulation. The purpose of the Act is to help facilitate the recapitalization of insurance industry by establishing a method of capital formation for insurers that elect to domicile in the state. 
 
Submitted as: 
Delaware 
Status: Enacted into law in 2010.