Indiana § 27-15-16-1 Parent company

Indiana Statutes

§ 27-15-16-1 — Parent company

Indiana·Title 27 INSURANCE·Art. 15 DEMUTUALIZATION OF MUTUAL INSURANCE·Ch. 16 Miscellaneous Provisions

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.

Indiana § 27-15-16-1 (Parent company) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.