RSA 403-F:3 Formation of a Mutual Insurance Holding Company.

I. A mutual insurance company may reorganize as a mutual insurance holding company system consisting of a mutual insurance holding company and a subsidiary insurance company. The reorganization may be effected by the organization of one or more companies, amendment or restatement of the articles of incorporation and bylaws of one or more companies, transfer of assets and liabilities among 2 or more companies, issuance, acquisition or transfer of capital stock of one or more companies, or merger or consolidation of 2 or more companies. The mutual insurance holding company shall at all times own a majority of the voting shares and a majority in economic value of the capital stock of each controlled subsidiary and any intermediate stock holding company.
II. All of the initial sha