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17:44B-15. Conversion to domestic mutual insurer

New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

... 17: 44B-15. Conversion to domestic mutual insurer 17: 44B-15. Conversion to domestic mutual insurer 15. a. A domestic fraternal benefit society which is organized pursuant to the provisions of this act may convert to a domestic mutual insurer by complying with the provisions of this section. b. A written plan of conversion setting forth in full the terms and conditions of conversion shall be prepared by the assembly or board of directors of the society. The plan shall include: (1) the purpose of the conversion; (2) the effect of conversion on existing benefit contracts issued by the society; (3) a business plan; (4) a provision that each holder of a benefit contract of the society...

	Title
	17:44B-15. Conversion to domestic mutual insurer
	New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
	... 17: 44B-15. Conversion to domestic mutual insurer 17: 44B-15. Conversion to domestic mutual insurer 15. a. A domestic fraternal benefit society which is organized pursuant to the provisions of this act may convert to a domestic mutual insurer by complying with the provisions of this section. b. A written plan of conversion setting forth in full the terms and conditions of conversion shall be prepared by the assembly or board of directors of the society. The plan shall include: (1) the purpose of the conversion; (2) the effect of conversion on existing benefit contracts issued by the society; (3) a business plan; (4) a provision that each holder of a benefit contract of the society...