West Virginia Code 33-27A-8 – Payment of costs and expenses of reorganization
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All costs and expenses for the process of a reorganization under this article shall be paid for or reimbursed by the mutual insurance company, the reorganized stock company, or an intermediate holding company.
Terms Used In West Virginia Code 33-27A-8
- Intermediate holding company: means a stock corporation that owns all of the shares of voting stock of one or more recognized stock companies after a reorganization pursuant to this article. See West Virginia Code 33-27A-2
- Mutual insurance company: means a domestic or foreign mutual Insurance company. See West Virginia Code 33-27A-2
- Reorganized stock company: means the domestic or foreign stock insurance company resulting from a domestic or foreign mutual insurance company's reorganization under this article. See West Virginia Code 33-27A-2