Indiana § 27-14.5-4-11 Prerequisites to issuance of permit and certificate of authority

Indiana Statutes

§ 27-14.5-4-11 — Prerequisites to issuance of permit and certificate of authority

Indiana § 27-14.5-4-11

Title 27INSURANCE

Art. 14.5MUTUAL INSURANCE HOLDING COMPANY

Ch. 4Public Hearing, Public Comment, Commissioner

This text of Indiana § 27-14.5-4-11 (Prerequisites to issuance of permit and certificate of authority) 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 § 27-14.5-4-11 (2026).

Text

(a)Before the commissioner issues a permit for completion of organization of the mutual insurance holding company and a certificate of authority for the reorganized insurer under subsection (b), the commissioner must:

(1)issue notice to the applicant that the commissioner has approved the plan of reorganization of the applicant under this article; and

(2)receive the minutes of the meeting of the members at which the plan was approved under this article.

(b)After the events referred to in subsection (a), the commissioner shall issue:

(1)a permit for completion of organization of the mutual insurance holding company as provided in IC 27-1-6-11; and

(2)a certificate of authority for the reorganized insurer as provided in IC 27-1-8-9.

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(a) Before the commissioner issues a
permit for completion of organization of the mutual insurance holding
company and a certificate of authority for the reorganized insurer under
subsection (b), the commissioner must:
(1) issue notice to the applicant that the commissioner has
approved the plan of reorganization of the applicant under this
article; and
(2) receive the minutes of the meeting of the members at which
the plan was approved under this article.
(b) After the events referred to in subsection (a), the commissioner
shall issue:
(1) a permit for completion of organization of the mutual
insurance holding company as provided in IC 27-1-6-11; and
(2) a certificate of authority for the reorganized insurer as
provided in IC 27-1-8-9.