RSA 401:11 · Merger of Insurance Companies

401:11 Merger of Insurance Companies. –

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I.

Subject to the approval of the insurance commissioner as provided by law, any insurance corporation organized under the laws of this state, whether by special charter or under the general law, except mutual insurance companies, may merge or consolidate with any other corporation or corporations in the manner provided in RSA 293-A.

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II.

Subject to the approval of the insurance commissioner of the plan of merger, any mutual insurance company or other voluntary insurance corporation organized under the laws of this state, whether by special charter or under general law, may merge or consolidate with any like corporation or corporations in the manner provided in RSA 292 and by a majority vote of those members voting in person or by proxy at a meeting called for that purpose. Source. 1971, 232:2. 1983, 15:9. 2002, 207:31, eff. July 15, 2002.

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