Did the reorganization as a mutual holding company change the terms of existing policies or annuity contracts?
No. The reorganization did not, in any way, change the terms of existing insurance policies or annuity contracts with Ohio National. All policy and contract provisions remain as before, including any guaranteed benefits and values. Did the reorganization change the mutual character of Ohio National? No. Whole life policyholders have essentially the same mutual benefits with Ohio National as with any mutual company. Ohio National’s participating policyholders have the same equity interest in our mutual holding company as they did in our mutual company in 1997. New participating policyholders continue to have an equity interest in our mutual holding company. By law, control of our holding company (Ohio National Mutual Holdings, Inc.) always rest with the policyholders. Does the reorganization provide our policyholders with added protection and flexibility Yes. By law, our policyholders have claims against the assets of the parent company, providing additional protection to them. A mutual
No. The reorganization did not, in any way, change the terms of existing insurance policies or annuity contracts with Ohio National. All policy and contract provisions remain as before, including any guaranteed benefits and values. Did the reorganization change the mutual character of Ohio National? No. Whole life policyholders have essentially the same mutual benefits with Ohio National as with any mutual company. Ohio National’s participating policyholders have the same equity interest in our mutual holding company as they did in our mutual company in 1997. New participating policyholders continue to have an equity interest in our mutual holding company. By law, control of our holding company (Ohio National Mutual Holdings, Inc.) always rest with the policyholders. Does the reorganization provide our policyholders with added protection and flexibility? Yes. By law, our policyholders have claims against the assets of the parent company, providing additional protection to them. A mutua
Related Questions
- Is the ECS or acting ECS required to review all renegotiations, amendments and other alterations of terms in existing contracts?
- Did the reorganization as a mutual holding company change the terms of existing policies or annuity contracts?
- Do shareholders have the right to dissent from the holding company reorganization?
