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Streamlining & Solvency II
All members will shortly be receiving a letter with a pack of documents that detail the transfer and invite them to approve the change by voting in proxy or in person at a meeting to be held in Paris on Monday 29th October 2012.
The new structure will take effect from February 2013 and does not impact members in the 2012 policy year.
There will be no change to terms of entry, cover or premium for members and the overall amount of free reserves held by the UK Club before and after will remain the same.
Copies of the documents within the packs, including the letter can be found on the dedicated ‘Club Restructure’ section of this website.
The Club Restructure section provides an overview of the process as well as FAQs giving guidance on the process from both a UK Europe and UK Bermuda perspective.
Any updates on the restructure process will be published on this section of the website.