SB 0241 Allows mutual insurance companies to notify policy holders via newspaper under certain merger conditions
LR Number:1078S.03T Fiscal Note:1078-03
Committee:Insurance and Housing
Last Action:07/10/01 - Signed by Governor Journal page:
Title:SCS SB 241
Effective Date:August 28, 2001
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Current Bill Summary

SCS/SB 241 - This act allows the Director of the Department of Insurance to approve a merger between mutual insurance companies if the Director is satisfied that the proposed merger was properly approved pursuant to the articles and bylaws of the companies.

This act is similar to HB 212 (2001).