| (C) a copy of the ballot to be used in voting by mail. (2) If more than one mutual assessment company or association is involved, the respective membership meetings must be held separately and at the time and place set out in the notice of such meeting. The proposed reinsurance agreement must be read to the members at each such membership meeting, and the members
must be given ample opportunity to discuss the reinsurance agreement or conversion. Each eligible member must be given an opportunity to vote upon the reinsurance agreement or conversion. The percentage of the membership needed for approval of such reinsurance agreement or conversion shall be the percentage required by law. (3) Upon a proper and sufficient vote of the respective memberships of each mutual assessment company or association and upon proper action taken by the boards of directors, the authorized officers shall then proceed to certify to the commissioner of insurance, in duplicate, all action taken. The commissioner of insurance shall review the action taken to determine whether or not the approved plan of reinsurance or conversion and the applicable laws and regulations pertaining thereto were followed. The commissioner of insurance shall enter an appropriate order. No public hearing shall be required unless requested by a party at interest or unless
deemed necessary by the commissioner of insurance. The certificate of assumption or policy shall be issued only after the commissioner of insurance has entered his order finding that the plan of reinsurance or conversion has been approved by the mutual assessment companies or associations.
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