Legislation

Search OpenLegislation Statutes

previous
  • SECTION 1209
    Management and by-laws of mutual insurance corporations
    • up
  • ARTICLE 12
    Organization and Corporate Procedure
    • next
  • SECTION 1211
    Mutual insurance corporations; membership and dividends
    • This entry was published on 2014-09-22
    NOTE: The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.

    SECTION 1210

    By-laws of domestic stock life insurance companies

    Insurance (ISC) CHAPTER 28, ARTICLE 12

    § 1210. By-laws of domestic stock life insurance companies. No by-law
    or amendment or repeal of a by-law of any domestic stock life insurance
    company shall be effective until approved by the superintendent. The
    superintendent may refuse such approval if he finds that such by-law or
    amendment or repeal does not conform with the requirements of law, or is
    not equitable to the company's policyholders, or is inconsistent with
    the objects and purposes of such company.