New York Consolidated Laws, Insurance Law - ISC § 8002. Reorganization of mutual life insurer through formation of a mutual holding company;  contents of plan

(1) the reorganizing insurer becoming a domestic stock life insurer;

(2) the formation of a mutual holding company;

(3) the members of the reorganizing insurer becoming members of the mutual holding company with membership interests therein, and the membership interests in the reorganizing insurer being extinguished;  and

(4) at least fifty-one percent of the voting stock issued by the reorganized insurer being acquired and held, directly or through one or more stock holding companies, by the mutual holding company.

(5) the general terms for the establishment of the closed block or an alternative provision under subsection (b) of section eight thousand three of this article and the proposed dividend policy under subsection (a) of section eight thousand three of this article;  and

(6) a plan of operation for the reorganized insurer including financial projections for a three-year period and a statement indicating its intentions with regard to issuing any nonparticipating business.

(1) the proposed charters or certificates of incorporation of the reorganized insurer, the mutual holding company and any stock holding company or companies;  and

(2) the proposed by-laws of the reorganized insurer, the mutual holding company and any stock holding company or companies.