Indiana Statutes

§ 27-15-14-2 — Application for approval; required descriptions

Indiana § 27-15-14-2
JurisdictionIndiana
Title 27INSURANCE
Art. 15DEMUTUALIZATION OF MUTUAL INSURANCE
Ch. 14Modified Conversion Requirements for Companies in

This text of Indiana § 27-15-14-2 (Application for approval; required descriptions) 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 § 27-15-14-2 (2026).

Text

The application for approval of a plan of conversion and an amendment to the articles of incorporation described in section 1 of this chapter must include a description of how the converting mutual will meet the statutory surplus and capital requirements on the date the plan of conversion is completed, which may involve the issuance and sale directly to one (1) or more purchasers of the capital stock of the former mutual or of a parent company.

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Legislative History

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

Nearby Sections

15
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Bluebook (online)
Indiana § 27-15-14-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-15-14-2.