Section 17:17C-9 - Effective date of reorganizationThe reorganization shall be effective upon the date when the specified requirements within the plan of reorganization are satisfied. On or prior to the effective date of the reorganization, the mutual insurer shall file with the commissioner a certificate stating that:
a. all of the conditions set forth in the plan of reorganization, including a final order by the commissioner granting permission to reorganize in accordance with the plan pursuant to subsection f. of section 4 of this act and approval by policyholders pursuant to section 5 of this act, have been satisfied andb. the board of directors of the mutual insurer has not abandoned or amended the plan of reorganization pursuant to section 11 of this act.