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Considerations in a Mutual Life Insurance Company Conversion

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Book cover Financial Management of Life Insurance Companies

Abstract

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.

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References

  • Kelley, Bruce G. “Stocking a Mutual Insurance Company. The Regulatory Experience.” Federation of Insurance and Corporate Counsel Quarterly, Fall, 1979.

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  • Section 7312. “Reorganization of a Domestic Mutual Life Insurer into a Domestic Stock Life Insurer.” New York Insurance Laws. NILS Publishing Company, 1989.

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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.

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Author information

Authors and Affiliations

  1. The Equitable Life Assurance Society of the United States, USA

    Harry D. Garber (Vice Chairman)

Authors
  1. Harry D. Garber
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Editor information

Editors and Affiliations

  1. The Wharton School, University of Pennsylvania, USA

    J. David Cummins

  2. Villanova University, USA

    Joan Lamm-Tennant

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© 1993 Springer Science+Business Media New York

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Garber, H.D. (1993). Considerations in a Mutual Life Insurance Company Conversion. In: Cummins, J.D., Lamm-Tennant, J. (eds) Financial Management of Life Insurance Companies. Huebner International Series on Risk, Insurance, and Economic Security, vol 17. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2208-5_2

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  • DOI: https://doi.org/10.1007/978-94-011-2208-5_2

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-4979-5

  • Online ISBN: 978-94-011-2208-5

  • eBook Packages: Springer Book Archive

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