Indiana Statutes
§ 27-14.5-3-8 — Prohibitions concerning stock
Indiana § 27-14.5-3-8
JurisdictionIndiana
Title 27INSURANCE
Art. 14.5MUTUAL INSURANCE HOLDING COMPANY
Ch. 3Issuance of Capital Stock
This text of Indiana § 27-14.5-3-8 (Prohibitions concerning 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 § 27-14.5-3-8 (2026).
Text
A mutual insurance holding company and its subsidiaries and affiliates may not do any of the following:
(1)Lend funds to any person to finance the purchase of stock in
a stock offering by a mutual insurance holding company or any of
its subsidiaries.
(2)Pay commissions, "special fees", or other special or
extraordinary compensation to officers, directors, interested
persons, or affiliates for arranging, promoting, aiding, assisting,
or participating in the structure or placement of a stock offering
by the mutual insurance holding company or any of its
subsidiaries, except to the extent permitted under section 5(5) of
this chapter.
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Legislative History
As added by P.L.226-2023, SEC.30.
Nearby Sections
15
§ 27-1-1-1
Creation; functions§ 27-1-1-2
Insurance commissioner§ 27-1-1-3
Personnel§ 27-1-1-4
Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10
"Annual Statement Blank"§ 27-1-1.5-11
"Annual Statement Instructions"§ 27-1-1.5-12
"Current Dental Terminology"; "CDT"§ 27-1-1.5-13
"Current Procedural Terminology"; "CPT"§ 27-1-1.5-15
"Financial Analysis Handbook"§ 27-1-1.5-16
"Financial Condition Examiner's Handbook"§ 27-1-1.5-18
"Healthcare Common Procedure Coding System"; "HCPCS"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 27-14.5-3-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-14.5-3-8.