Indiana § 27-14.5-2-3 Mutual insurance holding company must have voting power

Indiana Statutes

§ 27-14.5-2-3 — Mutual insurance holding company must have voting power

Indiana § 27-14.5-2-3

Title 27INSURANCE

Art. 14.5MUTUAL INSURANCE HOLDING COMPANY

Ch. 2Mutual Insurance Company Reorganization

This text of Indiana § 27-14.5-2-3 (Mutual insurance holding company must have voting power) 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 § 27-14.5-2-3 (2026).

Text

After the effective date of the reorganization of a mutual insurance company as a mutual insurance holding company under this chapter, the mutual insurance holding company must at all times have the direct or indirect power to cast at least a majority of the votes for the election of the members of the board of directors of:

(1)each stock insurance company subsidiary; and

(2)any intermediate stock holding company.

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After the effective date of the reorganization
of a mutual insurance company as a mutual insurance holding company
under this chapter, the mutual insurance holding company must at all
times have the direct or indirect power to cast at least a majority of the
votes for the election of the members of the board of directors of:
(1) each stock insurance company subsidiary; and
(2) any intermediate stock holding company.