HRS § 431-4-503 - Conversion or reinsurance of mutual insurer
A domestic mutual insurer cannot be converted into a stock corporation, but it may be reinsured, have assets transferred, or liabilities assumed by another mutual or stock insurer if the commissioner approves the terms in advance.
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corporate restructuring policyholder compensation reinsurance
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HRS § 431-4-503 - Conversion or reinsurance of mutual insurer
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