Indiana § 27-14.5-5-5 Rights and privileges of mutual insurance holding company

Indiana Statutes

§ 27-14.5-5-5 — Rights and privileges of mutual insurance holding company

Indiana § 27-14.5-5-5

Title 27INSURANCE

Art. 14.5MUTUAL INSURANCE HOLDING COMPANY

Ch. 5Mutual Insurance Holding Companies

This text of Indiana § 27-14.5-5-5 (Rights and privileges of mutual insurance holding company) 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 § 27-14.5-5-5 (2026).

Text

(a)Except as provided in subsection (b), a mutual insurance holding company:

(1)has and may exercise all the rights and privileges of insurance companies formed under this title; and

(2)is subject to all of the requirements and regulations imposed upon insurance companies formed under this title.

(b)The exceptions referred to in subsection (a) are as follows:

(1)A mutual insurance holding company has no right or privilege to write insurance (except through a stock insurance company subsidiary) and is not subject to any requirement or rule adopted under IC 4-22-2 relating to the writing of insurance.

(2)A mutual insurance holding company is not subject to the surplus requirements in IC 27-1-6-15.

(3)A mutual insurance holding company is not subject to the deposit requirement in IC 27

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(a) Except as provided in subsection (b), a
mutual insurance holding company:
(1) has and may exercise all the rights and privileges of insurance
companies formed under this title; and
(2) is subject to all of the requirements and regulations imposed
upon insurance companies formed under this title.
(b) The exceptions referred to in subsection (a) are as follows:
(1) A mutual insurance holding company has no right or privilege
to write insurance (except through a stock insurance company
subsidiary) and is not subject to any requirement or rule adopted
under IC 4-22-2 relating to the writing of insurance.
(2) A mutual insurance holding company is not subject to the
surplus requirements in IC 27-1-6-15.
(3) A mutual insurance holding company is not subject to the
deposit requirement in IC 27-1-6-15(d).
(4) A mutual insurance holding company is not subject to the
investment requirements under IC 27-1-12, IC 27-1-13, or IC 27-1-23-2.6 that limit or restrict investments in subsidiaries.
(5) A mutual insurance holding company is not subject to
risk-based capital requirements under IC 27-1-36.
(6) A mutual insurance holding company is not subject to a
requirement under this title if the commissioner determines by
order or rule adopted by the commissioner under IC 4-22-2 that
the requirement does not apply to the mutual insurance holding
company.
(7) A mutual insurance holding company is not subject to any
requirement or rule adopted under IC 4-22-2 that is imposed upon
insurance companies formed under this title to the extent that the
requirement or rule is in conflict with this article.