Indiana § 27-14.5-2-1 Conditions for reorganization of a mutual insurance company; resulting
subsidiaries

Indiana Statutes

§ 27-14.5-2-1 — Conditions for reorganization of a mutual insurance company; resulting subsidiaries

Indiana § 27-14.5-2-1

Title 27INSURANCE

Art. 14.5MUTUAL INSURANCE HOLDING COMPANY

Ch. 2Mutual Insurance Company Reorganization

This text of Indiana § 27-14.5-2-1 (Conditions for reorganization of a mutual insurance company; resulting subsidiaries) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-14.5-2-1 (2026).

Text

(a)A mutual insurance company may reorganize under this chapter as a mutual insurance holding company with one (1) or more subsidiaries if the following occur:

(1)The adoption of a plan of reorganization by the mutual insurance company's board of directors in accordance with section 4 of this chapter.

(2)The approval by the commissioner of the mutual insurance company's application for reorganization.

(3)The favorable vote of the mutual insurance company's members under sections 8 through 12 of this chapter.

(b)The subsidiaries of a mutual insurance holding company that result from a reorganization of a mutual insurance company under this chapter:

(1)must include at least one (1) stock insurance company subsidiary; and

(2)may include one (1) or more intermediate stock holding compan

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(a) A mutual insurance company may
reorganize under this chapter as a mutual insurance holding company
with one (1) or more subsidiaries if the following occur:
(1) The adoption of a plan of reorganization by the mutual
insurance company's board of directors in accordance with section
4 of this chapter.
(2) The approval by the commissioner of the mutual insurance
company's application for reorganization.
(3) The favorable vote of the mutual insurance company's
members under sections 8 through 12 of this chapter.
(b) The subsidiaries of a mutual insurance holding company that
result from a reorganization of a mutual insurance company under this
chapter:
(1) must include at least one (1) stock insurance company
subsidiary; and
(2) may include one (1) or more intermediate stock holding
companies.