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EXHIBIT 3.2
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CERTIFICATE OF AMENDMENT
OF
CERTIFICATE OF INCORPORATION OF
MAIC HOLDINGS, INC.
MAIC Holdings, Inc., a corporation organized and existing under the
laws of the State of Delaware (the "Corporation"), and having its registered
office in the State of Delaware in the county of New Castle, 1209 Orange Street,
Wilmington, Delaware, does hereby certify as follows:
(i) that the following resolution is a true and correct copy of the
resolution adopted by the Board of Directors of the Corporation proposing an
amendment to the Certificate of Incorporation of the Corporation and declaring
its advisability in accordance with the provisions of Section 242 of the General
Corporation Law of the State of Delaware:
WHEREAS, it has been proposed that MAIC Holdings, Inc. change
its name to Medical Assurance, Inc. to promote the identity of its
insurance subsidiaries in the states in which they are doing business;
WHEREAS, the change of the name of the Corporation will
require an amendment of its Certificate of Incorporation;
WHEREAS, Section 242 of the General Corporation Law of
Delaware (the "Act") requires that the amendment be proposed by
resolution of the Board of Directors and that the Board of Directors
direct that such proposed amendment be submitted to a vote of the
stockholders for approval;
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of
MAIC Holdings, Inc. (the "Corporation") that the Board of Directors
hereby recommends that the name of the Corporation be changed from MAIC
Holdings, Inc. to Medical Assurance, Inc., and subject to approval of
the stockholders in accordance with the Act, proposes that the name be
accomplished by amending the Certificate of Incorporation as follows
(the "Proposed Amendment"):
(a) The heading of the Certificate of
Incorporation shall be deleted in its entirety and shall be amended to
read as follows:
CERTIFICATE OF INCORPORATION OF
MEDICAL ASSURANCE, INC.
(b) The FIRST section of the Certificate of
Incorporation shall be deleted in its entirety and shall be amended to
read as follows:
FIRST: The name of the corporation is Medical
Assurance, Inc.
RESOLVED FURTHER, by the Board of Directors of the Corporation
that the Proposed Amendment be submitted to a vote of the stockholders
of the Corporation at the next annual meeting in accordance with
Section 242 of the Act; and
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RESOLVED FURTHER, by the Board of Directors that if the
Proposed Amendment is approved by the stockholders in accordance with
the Act, the proper officers of the Corporation be, and each of them is
hereby, authorized, directed and empowered to prepare and execute a
certificate setting forth the amendment and certifying that such
amendment has been duly adopted in accordance with the Act and to file
the same with the Secretary of State of Delaware and to pay all fees
and expenses in connection therewith as soon as practicable after the
Proposed Amendment has been so adopted.
(ii) that pursuant to resolution of its Board of Directors, a meeting
of the stockholders of the Corporation was duly called and held, upon notice in
accordance with Section 222 of the General Corporation law of the state of
Delaware at which meeting the necessary number of shares as required by statute
were voted in favor of the amendment; and
(iii) that said amendment has been duly adopted in accordance with
applicable provisions of Sections 242 and 222 of the General Corporation Law of
the State of Delaware.
(iv) that said amendment shall become effective on June 1, 1997.
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IN WITNESS WHEREOF, the Corporation has caused this
Certificate to be signed by A. Derrill Crowe, M.D., its President, this 21st day
of May, 1997.
MAIC HOLDINGS, INC.
By: /s/ A. Derrill Crowe, M.D.
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A. Derrill Crowe, M.D.
Its President
STATE OF ALABAMA)
JEFFERSON COUNTY)
Before me, a notary public in and for said county, in said state,
personally appeared A. Derrill Crowe, M.D. on this date, who being first duly
sworn, did depose, acknowledge and say as follows: (i) that affiant is President
of MAIC Holdings, Inc., a Delaware corporation, named in the foregoing
Certificate of Amendment, (ii) that he, as such officer, is authorized and
empowered to make this sworn verification and to cause the Certificate of
Amendment to be executed, acknowledged and filed for record on behalf of the
corporation, and (iii) that he, as such officer of said corporation, is familiar
with the contents of the foregoing Certificate of Amendment as the act and deed
of said corporation, and the matters set forth therein are true.
Given under my hand and official seal, this the 21st day of May, 1997.
/s/ William K. Holbrook
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Notary Public
My Commission Expires 9/5/99
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[Notary Seal]
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State of Delaware
Office of the Secretary of State
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I, EDWARD J. FREEL, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO
HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF
AMENDMENT OF "MAIC HOLDINGS, INC.", CHANGING ITS NAME FROM "MAIC HOLDINGS, INC."
TO MEDICAL ASSURANCE, INC.", FILED IN THIS OFFICE ON THE TWENTY-FIRST DAY OF
MAY, A.D., 1997, AT 12:30 O'CLOCK P.M.
[SEAL]
/s/ Edward J. Freel
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Edward J. Freel, Secretary of State
2472240 8100 AUTHENTICATION: 8475582
[SEAL]
971166079 DATE: 05-21-97
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