Considerations in a Mutual Life Insurance Company Conversion
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This chapter focuses on the issues involved in a conversion of a life insurance company from mutual to stock form. This is a subject to which I have given a great deal of thought and attention in recent years, including service as Chairman of the Society of Actuaries Task Force on Mutual Life Insurance Company Conversions and as a member of the LICONY (Life Insurance Council of New York) group that helped to design New York State’s demutualization law. I am particularly pleased to see this work bear fruit for my own company which successfully implemented mutual-to-stock conversion during 1992.
KeywordsLife Insurance Equity Capital Stock Company Policy Dividend Life Insurance Company
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- Kelley, Bruce G. “Stocking a Mutual Insurance Company. The Regulatory Experience.” Federation of Insurance and Corporate Counsel Quarterly, Fall, 1979.Google Scholar
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- Society of Actuaries. “Report of the Task Force on Mutual Life Insurance Company Conversion.” Transactions of the Society of Actuaries, 1987.Google Scholar