§ 38.2-1008 — Conduct of and voting at meeting

Virginia § 38.2-1008

• Jurisdiction: Virginia
• Title 38.2: INSURANCE
• Ch. 10: ORGANIZATION, ADMISSION AND LICENSING OF INSURERS
• Art. 2: CONVERSION OF DOMESTIC STOCK INSURER TO MUTUAL INSURER

Text

The meeting required by § 38.2-1006 shall be conducted in the manner provided in the plan, subject to the following requirements:

1. Policyholders may vote in person, by proxy, or by mail, but all votes shall be cast by ballot; and

2. A representative of the Commission shall supervise the procedure of the meeting and shall appoint an adequate number of inspectors to oversee the voting at the meeting. The inspectors, acting under any rules and regulations prescribed by the Commission, shall have power to determine all questions concerning the verification and validity of the ballots, the qualifications of the voters, and the canvass of the vote. The inspectors shall certify the results of the voting to the representative of the Commission and to the insurer.

All necessary expenses incurred by the Commission or its representative in connection with the meeting shall be paid by the insurer.

Legislative History

Code 1950, § 38-422; 1952, c. 317, § 38.1-491; 1986, c. 562.