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Part 3 · Asset transfers among insurers  ›  Division 4 · Transfer of the assets of a public-law insurer to stock corporations or mutual insurance companies › Section 189

Application of the rules governing divisions

(1) In the case of a partial transfer in accordance with section 175 no. 2 letter (c), and unless the following provisions lead to a different conclusion, the provisions of Book 3 applying to full divisions, partial divisions, or divisions by separation for purposes of absorption are to be applied accordingly to the acquiring legal entities, as are the provisions of Book 2 that are declared in Book 3 to be accordingly applicable to the comparable procedure, while section 176 (3) is to be applied accordingly to the insurance company being acquired.

(2) Section 176 (2) and (4), section 178 (3) as well as section 188 (3) are to be applied accordingly.

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