Mutual Insurance Charter Amendment

Keitel,

Deputy Attorney General,-

We have your request to be advised as to whether a Pennsylvania insurance company incorporated as a mutual insurance company other than a mutual life insurance company, which is engaged presently in writing health and accident insurance, may amend its charter so as to become a mutual life insurance company.

The authority for the amendment of the charter of an insurance company is set forth in section 322 of The Insurance Company Law of May 17, 1921, P. L. 682, 40 PS §445, as follows:

“Any stock or mutual insurance company of this Commonwealth may procure an…