Handelsbanken Liv takes another step towards conversion: Customers vote in favour of distribution of profits and transfer rights
Handelsbanken Liv has taken yet another step towards conversion into a profit-distributing life insurance company. A recent ballot among Liv's customers shows that 98 percent are in favour of conversion. Participation was high - almost 80 percent of the customers. The conversion is scheduled for 1 January 2002. At the same time, Handelsbanken Liv will become the first company in Sweden to introduce transfer rights for private customers.On 1 January this year, new legislation with respect to insurance companies came into force in Sweden. The legislation aims to replace obsolete regulations