As the ownership of the company transfers from policyholders, who really don't have the ability to sell the company, to a stock company, it becomes available on the market. Certainly, in the case of the smaller mutual companies that are spread across the country, we're all based in rural areas throughout the country. If the mutual system is set up in such a way that the regulations allow for a simple and easy demutualization, that base can be pulled out of the rural areas.
On May 1st, 2012. See this statement in context.