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Part 2 · Provisions for direct insurance and reinsurance  ›  Chapter 4 · Mutual insurance associations › Section 191

Highest representative body

The provisions applicable to the general meeting under sections 118, 118a, 119(1), points 1, 2, 4, 5, 6, 8, and 9, and (2), section 120(1) to (3), and section 121(1) to (4) and (4b), first and second sentences, (5), first and third sentences, and (6), sections 122 and 123(1), sections 124 to 127, 129(1) and (4), section 130(1), first and second sentences, and (1a) to (5), sections 130a to 133 and 134(4), and sections 136, 142 to 149, 241 to 253, and 257 to 261 of the Stock Corporation Act apply correspondingly to the highest representative body. Section 256 of the Stock Corporation Act applies correspondingly. Where the highest representative body is the members' meeting, section 134(3) of the Stock Corporation Act also applies correspondingly. Participation rights within the meaning of section 214(2) may be granted only on the basis of a resolution of the highest representative body. The resolution requires a majority of three-quarters of the votes cast. The articles of association may specify a different majority and further requirements.

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