Wisconsin Statutes 644.24 – Subsequent restructuring
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Terms Used In Wisconsin Statutes 644.24
- Converted insurance company: means an insurance company that converted under this chapter from a mutual insurance company to a stock insurance company, or from a service insurance corporation to a mutual insurance company and then to a stock insurance company, and formed a mutual holding company. See Wisconsin Statutes 644.02
- Intermediate stock holding company: means a corporation that satisfies all of the following:
1. See Wisconsin Statutes 644.02Mutual: includes a mutual holding company. See Wisconsin Statutes 644.02 Mutual holding company: means a mutual insurance holding company. See Wisconsin Statutes 644.02
A mutual holding company, in conjunction with the converted insurance company and any intermediate stock holding company, may merge together and convert into a mutual insurance company if the requirements of ss. 611.72 and 611.75 are met and the members of the mutual holding company vote to approve the merger and conversion into a mutual insurance company.