Indiana § 27-14.5-2-15 Proceeding pending against mutual insurance company

Indiana Statutes

§ 27-14.5-2-15 — Proceeding pending against mutual insurance company

Indiana § 27-14.5-2-15

Title 27INSURANCE

Art. 14.5MUTUAL INSURANCE HOLDING COMPANY

Ch. 2Mutual Insurance Company Reorganization

This text of Indiana § 27-14.5-2-15 (Proceeding pending against mutual insurance company) 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 § 27-14.5-2-15 (2026).

Text

If a proceeding is pending against a mutual insurance company that is the subject of a plan of reorganization under this chapter:

(1)the proceeding may be continued against the reorganized insurer under its former name after the effective date of the reorganization, as if the reorganization had not occurred; or

(2)the reorganized insurer that succeeds to the mutual insurance company's business may be substituted in the proceeding for the mutual insurance company.

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If a proceeding is pending against a mutual
insurance company that is the subject of a plan of reorganization under
this chapter:
(1) the proceeding may be continued against the reorganized
insurer under its former name after the effective date of the
reorganization, as if the reorganization had not occurred; or
(2) the reorganized insurer that succeeds to the mutual insurance
company's business may be substituted in the proceeding for the
mutual insurance company.