N.J. Admin. Code § 11:2-14.1

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:2-14.1 - Purpose and scope

(a) This subchapter establishes procedures pursuant to N.J.S.A. 17:17C-5a for the conduct of the vote of the policyholders of a domestic mutual life insurer on a proposal to approve a plan of reorganization to convert from a domestic mutual life insurance company to a domestic stock life insurance company.

(b) This subchapter shall apply to any domestic mutual life insurer that seeks to reorganize into a domestic stock life insurer pursuant to N.J.S.A. 17:17C-1 et seq.