Indiana Statutes

§ 27-15-1-6 — "Converting mutual"

Indiana·Title 27 INSURANCE·Art. 15 DEMUTUALIZATION OF MUTUAL INSURANCE·Ch. 1 General Provisions and Definitions
"Converting mutual" means a domestic mutual insurance company that has adopted a plan of conversion and an amendment to its articles of incorporation under this article that will, upon consummation, result in the domestic mutual insurance company converting into a domestic stock insurance company.

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Legislative History

As added by P.L.94-1999, SEC.3.

Nearby Sections

15
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