Sec. 825.054. POLICYHOLDER ELIGIBILITY. To be eligible to participate in a policyholders' meeting held to approve a stock acquisition plan, a policyholder must have insurance coverage issued by the converting company that: (1) is in the amount of at least $1,000; (2) is in force on the date of the policyholders' meeting; and (3) has been in force for at least one year before the date of the policyholders' meeting.
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