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MUTUAL HOLDING COMPANY PLAN of WEST BEND MUTUAL INSURANCE COMPANY Under Chapter 644 of the Wisconsin Insurance Code Dated ___, 2023486112003643.6TABLE OF CONTENTS Page PREAMBLE .......................................................................................................................
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How to fill out mutual holding company plan
01
Obtain a template for mutual holding company plan
02
Fill in the required information such as the names of the parties involved, the purpose of the plan, and the assets to be held in the company
03
Include details on the governance structure of the mutual holding company, including the roles and responsibilities of the board of directors
04
Specify the voting procedures for the mutual holding company, including how decisions will be made and what percentage of votes are required for certain actions
05
Outline the procedures for amending the mutual holding company plan, including how changes can be proposed and approved
06
Have all parties involved review and sign the mutual holding company plan to make it legally binding
Who needs mutual holding company plan?
01
Companies looking to form a mutual holding company
02
Companies seeking to restructure their ownership and governance
03
Investors interested in participating in a mutual holding company
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What is mutual holding company plan?
A mutual holding company plan is a structure that allows a mutual insurance company to convert into a holding company while maintaining its mutual status.
Who is required to file mutual holding company plan?
Mutual insurance companies that wish to reorganize under mutual holding company structures are required to file a mutual holding company plan.
How to fill out mutual holding company plan?
To fill out a mutual holding company plan, companies must provide detailed information about their structure, governance, and financial status, following the required format set by regulatory bodies.
What is the purpose of mutual holding company plan?
The purpose of the mutual holding company plan is to facilitate the reorganization of mutual insurance companies in a way that enhances financial flexibility and allows them to better meet the needs of policyholders.
What information must be reported on mutual holding company plan?
The mutual holding company plan must report information including the company's financial statements, business plans, governance structure, and the benefits to policyholders.
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