ARTICLE 9. Merger, Consolidation, Reinsurance, or Transfer of Assets and Liabilities [4090. - 4096.]

Article 9 added by Stats. 1975, Ch. 824.

§§ 4090–4096 · 7 sections

• § 4090 By following the procedure specified in this article, any domestic mutual insurer described in this article may merge, consolidate, or otherwise unite with or…
• § 4091 The plan and agreement by which any such transaction is to be effected shall be approved by a resolution of the majority of the board of directors of each…
• § 4092 When any such plan and agreement shall have been approved by the commissioner, with any changes required by him, the same shall be approved in the case of each…
• § 4093 If the vote is in the affirmative, a certified copy of all proceedings relating to the proposed transaction shall be filed with the commissioner. If one of the…
• § 4094 Any plan of merger, consolidation, or other unification under this article shall provide that all rights and properties of the parties to the plan of merger,…
• § 4095 In the event a mutual insurer is merged, consolidated, or part of a reorganization under the procedures specified in this article, and the surviving,…
• § 4096 In the event a domestic mutual insurer is merged, consolidated, or a part of a reorganization under the procedures specified in this article, and the…