Indiana § 27-14.5-4-6 Insurance commissioner findings upon which plan of reorganization
may be disapproved

Indiana Statutes

§ 27-14.5-4-6 — Insurance commissioner findings upon which plan of reorganization may be disapproved

Indiana § 27-14.5-4-6

Title 27INSURANCE

Art. 14.5MUTUAL INSURANCE HOLDING COMPANY

Ch. 4Public Hearing, Public Comment, Commissioner

This text of Indiana § 27-14.5-4-6 (Insurance commissioner findings upon which plan of reorganization may be disapproved) 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 § 27-14.5-4-6 (2026).

Text

The commissioner shall approve a plan submitted under this article unless the commissioner makes at least one

(1)of the following findings with respect to the plan:

(1)Disapproval of the plan is necessary to prevent practices that will cause material financial impairment to the applicant or its subsidiaries.

(2)The financial position or management resources and capabilities of the applicant or its subsidiaries or affiliates warrant disapproval.

(3)The plan does not comply with this article.

(4)The proposed plan would not be fair and equitable to the members.

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The commissioner shall approve a plan
submitted under this article unless the commissioner makes at least one
(1) of the following findings with respect to the plan:
(1) Disapproval of the plan is necessary to prevent practices that
will cause material financial impairment to the applicant or its
subsidiaries.
(2) The financial position or management resources and
capabilities of the applicant or its subsidiaries or affiliates warrant
disapproval.
(3) The plan does not comply with this article.
(4) The proposed plan would not be fair and equitable to the
members.