Indiana § 27-15-4-7 Issuance of commissioner's determination

Indiana Statutes

§ 27-15-4-7 — Issuance of commissioner's determination

Indiana § 27-15-4-7

Title 27INSURANCE

Art. 15DEMUTUALIZATION OF MUTUAL INSURANCE

Ch. 4Public Hearing and Commissioner's Determination

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Bluebook

Ind. Code § 27-15-4-7 (2026).

Text

(a)The commissioner shall fully consider any comments received at a required hearing consistent with IC 4-22-2-27 before issuing an order approving or disapproving the application, plan of conversion, and amendment to the articles of incorporation.

(b)The commissioner's order or determination shall:

(1)be issued within thirty (30) days after the last day of the public hearing or, for a simple plan of conversion, within ninety (90) days after the filing of an application for approval of the plan;

(2)be in writing; and

(3)detail the reasons why the converting mutual's application is approved or disapproved.

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(a) The commissioner shall fully consider any
comments received at a required hearing consistent with IC 4-22-2-27
before issuing an order approving or disapproving the application, plan
of conversion, and amendment to the articles of incorporation.
(b) The commissioner's order or determination shall:
(1) be issued within thirty (30) days after the last day of the public
hearing or, for a simple plan of conversion, within ninety (90)
days after the filing of an application for approval of the plan;
(2) be in writing; and
(3) detail the reasons why the converting mutual's application is
approved or disapproved.