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 § 27-15-16-3

Title 27INSURANCE

Art. 15DEMUTUALIZATION OF MUTUAL INSURANCE

Ch. 16Miscellaneous Provisions

This text of Indiana § 27-15-16-3 (Hiring professionals necessary to assist commissioner's review) 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 § 27-15-16-3 (2026).

Text

(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.