Indiana § 27-15-16-3 Hiring professionals necessary to assist commissioner's review

Indiana Statutes

§ 27-15-16-3 — Hiring professionals necessary to assist commissioner's review

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

(a)The commissioner may, at the expense of a converting mutual that has:

(1)filed an application under this article;

(2)notified the commissioner of its intention to file an application under this article; or

(3)adopted a resolution proposing a simple plan of conversion under this article; hire accountants, actuaries, attorneys, financial advisors, investment bankers, and other experts that are necessary to assist the commissioner in reviewing all matters under this article.

(b)The commissioner may at any time require the converting mutual to deposit an amount of money with the department in anticipation of expenses to be incurred by the commissioner under this section.

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(a) The commissioner may, at the expense of
a converting mutual that has:
(1) filed an application under this article;
(2) notified the commissioner of its intention to file an application
under this article; or
(3) adopted a resolution proposing a simple plan of conversion
under this article;
hire accountants, actuaries, attorneys, financial advisors, investment
bankers, and other experts that are necessary to assist the commissioner
in reviewing all matters under this article.
(b) The commissioner may at any time require the converting
mutual to deposit an amount of money with the department in
anticipation of expenses to be incurred by the commissioner under this
section.

Indiana § 27-15-16-3 (Hiring professionals necessary to assist commissioner's review) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.