Indiana § 27-15-16-1 Parent company

Indiana Statutes

§ 27-15-16-1 — Parent company

Indiana § 27-15-16-1

Title 27INSURANCE

Art. 15DEMUTUALIZATION OF MUTUAL INSURANCE

Ch. 16Miscellaneous Provisions

This text of Indiana § 27-15-16-1 (Parent 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 § 27-15-16-1 (2026).

Text

A parent company under this article:

(1)shall locate its executive offices in Indiana;

(2)shall employ at least five hundred (500) persons or a substantial percentage of its workforce in Indiana;

(3)shall be organized under the laws of Indiana; and

(4)may be:

(A)a corporation organized for the purpose of serving as a holding company for the former mutual or a corporation that, before the conversion, was a subsidiary of the converting mutual; or

(B)any other existing or newly created corporation.

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A parent company under this article:
(1) shall locate its executive offices in Indiana;
(2) shall employ at least five hundred (500) persons or a
substantial percentage of its workforce in Indiana;
(3) shall be organized under the laws of Indiana; and
(4) may be:
(A) a corporation organized for the purpose of serving as a
holding company for the former mutual or a corporation that,
before the conversion, was a subsidiary of the converting
mutual; or
(B) any other existing or newly created corporation.