Indiana § 27-14.5-3-4 Filing of application with insurance commissioner after adoption of
plan to issue stock

Indiana Statutes

§ 27-14.5-3-4 — Filing of application with insurance commissioner after adoption of plan to issue stock

Indiana § 27-14.5-3-4

Title 27INSURANCE

Art. 14.5MUTUAL INSURANCE HOLDING COMPANY

Ch. 3Issuance of Capital Stock

This text of Indiana § 27-14.5-3-4 (Filing of application with insurance commissioner after adoption of plan to issue stock) 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 § 27-14.5-3-4 (2026).

Text

Not later than ninety (90) days after the adoption of a plan to issue stock, the reorganized insurer or intermediate stock holding company adopting the plan must file with the commissioner an application that contains the following:

(1)A proposed plan to issue stock.

(2)The form of notice to be sent to members informing members of the member's right to vote on the plan.

(3)The form of the proxy statement to be used to solicit the votes of members, which must include a description of the plan.

(4)The form of proxy to be solicited from members.

(5)If it is necessary to amend the current articles of incorporation or bylaws of a company that is affected by the plan, a copy of the proposed articles of amendment and amended bylaws of the company, which must comply with the requirements of I

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Not later than ninety (90) days after the
adoption of a plan to issue stock, the reorganized insurer or
intermediate stock holding company adopting the plan must file with
the commissioner an application that contains the following:
(1) A proposed plan to issue stock.
(2) The form of notice to be sent to members informing members
of the member's right to vote on the plan.
(3) The form of the proxy statement to be used to solicit the votes
of members, which must include a description of the plan.
(4) The form of proxy to be solicited from members.
(5) If it is necessary to amend the current articles of incorporation
or bylaws of a company that is affected by the plan, a copy of the
proposed articles of amendment and amended bylaws of the
company, which must comply with the requirements of IC 27-1-8.
(6) A list of the officers and directors of each company that is
affected by the plan.
(7) A description of the following:
(A) The stock intended to be offered by the applicant.
(B) All shareholder rights applicable to the stock intended to be
offered by the applicant.
(C) The total number of shares authorized to be issued.
(D) The estimated number of shares the applicant intends to
offer.
(E) The intended date or range of dates for the offering.
(8) A list of the following:
(A) The name or names of any underwriter, syndicate member,
or placement agent involved.
(B) If known by the applicant, the name or names of each
person or group of persons who will control five percent (5%)
or more of the total outstanding shares of the class of stock to
be offered.
(C) If any of the persons listed under clause (A) or (B) is a
corporation or other business entity, the name of each member
of its board of directors or equivalent management body.
(9) Copies of any filings that have been made, if applicable, with
the United States Securities and Exchange Commission.
(10) A description of all expenses expected to be incurred in
connection with the plan to issue stock.
(11) Any other information requested by the commissioner.