At its Sept. 7 annual policyholders meeting Sept.7 CUNA Mutual Group said 93% of them approved a new mutual ownership structure for the company.
CUNA Mutual said the policyholders approved the plan to reorganize CUNA Mutual Insurance Society from a mutual insurance company into a mutual insurance holding company structure.
As a mutual insurance holding company, CUNA Mutual will continue to be mutually owned with policyholders having full ownership of the new parent mutual holding company entity. A two-thirds majority was needed for approval, according to the company. More than 80,000 policyholders voted.
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