Indiana § 27-15-8-2 Factors in determination of forms and amount

Indiana Statutes

§ 27-15-8-2 — Factors in determination of forms and amount

Indiana·Title 27 INSURANCE·Art. 15 DEMUTUALIZATION OF MUTUAL INSURANCE·Ch. 8 Distribution of Consideration to Members

The amount and the form or forms of
consideration to be distributed to a class, category, or group of eligible
members may differ from the amount and form or forms of
consideration to be distributed to another class, category, or group of
eligible members. The choice of the amount and form or forms of
consideration to be distributed to a class or category of eligible
members may take into account such factors as the type of policies with
respect to which the consideration is being distributed, the country or
state of residence or tax status of the eligible members, the length of
time the eligible members have been members of the converting
mutual, or other appropriate factors or circumstances described in the
plan of conversion.

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The amount and the form or forms of
consideration to be distributed to a class, category, or group of eligible
members may differ from the amount and form or forms of
consideration to be distributed to another class, category, or group of
eligible members. The choice of the amount and form or forms of
consideration to be distributed to a class or category of eligible
members may take into account such factors as the type of policies with
respect to which the consideration is being distributed, the country or
state of residence or tax status of the eligible members, the length of
time the eligible members have been members of the converting
mutual, or other appropriate factors or circumstances described in the
plan of conversion.

Indiana § 27-15-8-2 (Factors in determination of forms and amount) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.