§ 27-14.5-4-1 — Insurance commissioner approval of plan of reorganization

Indiana § 27-14.5-4-1

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 14.5: MUTUAL INSURANCE HOLDING COMPANY
• Ch. 4: Public Hearing, Public Comment, Commissioner

Text

Not more than sixty (60) days after the filing
of a plan of reorganization that:
(1) is complete; and
(2) does not include a plan to issue stock;
the commissioner shall approve the plan without holding a hearing
unless the commissioner concludes that one (1) or more of the findings
listed in section 6 of this chapter is likely to be made.

Legislative History

As added by P.L.226-2023, SEC.30.