Ohio Revised Code Chapter 3913 - Changes In Corporate Organization Or Status

• Section 3913.01 - Conversion Of Domestic Stock Life Insurance Corporation Into A Mutual Life Insurance Corporation.
  Any domestic stock life insurance corporation, incorporated under a general law, may become a mutual life insurance corporation, and to that end may carry...
• Section 3913.02 - Acquisition Of Stock.
  If a domestic stock life insurance corporation determines to become a mutual life insurance corporation, it may, in carrying out any plan to that...
• Section 3913.03 - Rights And Privileges Of Dissenting Stockholder.
  If a stockholder of any domestic stock life insurance corporation planning to become a mutual life insurance corporation under section 3913.01 of the Revised...
• Section 3913.04 - Appointment Of Trustees - Deposit Retained By Superintendent Of Insurance.
  The trustees provided for in section 3913.02 of the Revised Code shall be appointed and vacancies shall be filled by the superintendent of insurance....
• Section 3913.05 - Officers And Directors.
  When a domestic stock life insurance corporation has become converted into a mutual life insurance corporation, the officers and directors or trustees of the...
• Section 3913.06 - Board Of Directors Or Trustees - Corporate Powers.
  The corporate powers of a mutual life insurance corporation shall be exercised by, and its business and affairs shall be controlled by, a board...
• Section 3913.07 - Term Of Directors Or Trustees.
  In order to secure continuity of membership in its board of directors or trustees, the articles of incorporation of any mutual life insurance corporation...
• Section 3913.08 - Meetings.
  Meetings of the board of directors or trustees of any mutual life insurance corporation shall be upon such notice as the code of regulations...
• Section 3913.09 - Executive Committee.
  If the code of regulations of any mutual life insurance corporation so provides, the board of directors or trustees, by a resolution adopted by...
• Section 3913.10 - Code Of Regulations.
  The code of regulations of any mutual life insurance corporation shall provide that each policyholder of the corporation shall be a member of the...
• Section 3913.11 - Conversion From Mutual Life To Stock Life Company.
  (A) A domestic mutual life insurance company may become a stock life insurance company, pursuant to sections 3913.11 to 3913.13 of the Revised Code,...
• Section 3913.12 - Consideration To Policyholders In Effecting Conversion.
  (A) In effecting a conversion of a mutual life insurance company into a stock life insurance company, each policyholder is entitled to consideration in...
• Section 3913.13 - Appeal Of Policyholder Adversely Affected.
  Any policyholder adversely affected by an order of the superintendent of insurance pursuant to division (F) of section 3913.11 of the Revised Code, may...
• Section 3913.20 - Conversion To Stock Insurance Corporation Other Than Life Definitions.
  As used in sections 3913.20 to 3913.23, inclusive, of the Revised Code: (A) "Policy" means a contract of insurance, other than life insurance issued...
• Section 3913.21 - Stock Insurance Conversion Definitions.
  (A) A domestic mutual insurance company other than life may become a stock insurance corporation other than life, pursuant to sections 3913.20 to 3913.23...
• Section 3913.22 - Rights Of Mutual Policyholders In Effecting Conversion.
  (A) In effecting a conversion of a mutual insurance company into a stock insurance corporation pursuant to sections 3913.20 to 3913.23, inclusive, of the...
• Section 3913.23 - Appeal Of Policyholder Adversely Affected.
  Any policyholder adversely affected by an order of the superintendent of insurance pursuant to division (F) of section 3913.21 of the Revised Code, may...
• Section 3913.25 - Reorganization Of Mutual Insurance Company As Stock Insurance Company Definitions.
  As used in sections 3913.25 to 3913.38 of the Revised Code: (A) "Intermediate holding company" means a stock corporation that owns all of the...
• Section 3913.26 - Reorganization Of Mutual Insurance Company As Stock Insurance Company.
  (A) A mutual insurance company, by itself or together with one or more other mutual insurance companies acting pursuant to a joint reorganization plan,...
• Section 3913.27 - Vote On Reorganization Plan.
  (A) A reorganization plan adopted by a mutual insurance company's board of directors pursuant to section 3913.26 of the Revised Code shall be voted...
• Section 3913.28 - Approving Reorganization Plan.
  (A) A mutual insurance company shall not proceed with a reorganization plan approved by the mutual insurance company's policyholders under section 3913.27 of the...
• Section 3913.29 - Amendments To Articles Of Incorporation.
  (A) Proposed amendments to the articles of incorporation of a mutual insurance holding company may be adopted at any members' meeting. The board of...
• Section 3913.30 - Continuation Of Corporate Existence, Directors And Officers.
  (A) Upon a reorganization plan taking effect in accordance with section 3913.28 of the Revised Code, the corporate existence of the mutual insurance company...
• Section 3913.31 - Payment Or Reimbursement Of Costs And Expenses.
  All costs and expenses of the process of a reorganization under sections 3913.25 to 3913.38 of the Revised Code shall be paid for or...
• Section 3913.32 - Reorganization By Merging Or Consolidating Membership Interests.
  (A) A mutual insurance company may reorganize by merging its policyholders' membership interests into a domestic or foreign mutual insurance holding company and continuing...
• Section 3913.33 - Rights And Status Of Membership.
  A membership interest in a mutual insurance holding company is not a security under the laws of this state. No member of a mutual...
• Section 3913.34 - Applying Other Insurance Laws.
  (A) Sections 3913.11 to 3913.13 and 3913.20 to 3913.23 of the Revised Code shall apply to a mutual insurance holding company as if the...
• Section 3913.35 - Reorganization, Dissolution, Liquidation.
  (A) A mutual insurance holding company, and, if applicable, its intermediate holding company, are deemed to be insurers subject to sections 3903.01 to 3903.76...
• Section 3913.36 - Time Limit For Challenges.
  Any action challenging the validity of, or arising out of, actions taken or proposed to be taken in connection with a reorganization under sections...
• Section 3913.37 - Rules.
  The superintendent of insurance may adopt rules in accordance with Chapter 119. of the Revised Code to carry out the purposes of sections 3913.25...
• Section 3913.38 - Attorney General May Review Transactions Involving Nonprofit Health Care Entities.
  The attorney general may, under authority granted under common law and sections 109.23, 109.24, 109.34, and 109.35 of the Revised Code, review any transaction,...
• Section 3913.40 - Transfer Of Domicile.
  (A) Any insurer, including any fraternal benefit society, that is organized under the laws of another state and is admitted to transact the business...

Last modified: October 10, 2016