Kansas Statutes

§ 40-4005 — Same; meeting for approval by policyholders

Kansas·Ch. 40 INSURANCE·Art. 40 CONVERSION OF DOMESTIC MUTUAL INSURER INTO DOMESTIC STOCK INSURER
The meeting called for approval of the plan by the policyholders prescribed by K.S.A. 40-4002 and amendments thereto shall be called by a majority of the board of directors, the chairperson of the board or the president. A copy of the plan and any information the commissioner deems necessary to policyholder understanding, including a comprehensible summary of the plan in a form approved by the commissioner, shall accompany the notice.

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Related

§ 40-4002
Kansas § 40-4002

Legislative History

L. 1985, ch. 154, § 5; L. 1997, ch. 107, § 7; July 1.

Nearby Sections

15
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