| 41. | As a mutual insurer, Milwaukee Mutual is owned by its policyholders.
|
| 42. | Insurers have promised to pay policyholders 3.75 percent.
|
| 43. | Also, insurers have allowed policyholders to borrow against their life insurance.
|
| 44. | The proposals require the approval of 75 percent of policyholders who vote.
|
| 45. | Policyholders and the public will hold the remaining 49 percent.
|
| 46. | The Australian Conservation Foundation had called on policyholders to reject the takeover.
|
| 47. | For the company's policyholders, the conversion is a windfall.
|
| 48. | The policyholders will have until Oct . 31 to respond.
|
| 49. | The merger must still be approved by policyholders and regulators.
|
| 50. | Provident Mutual is a mutual company owned by its policyholders.
|
