§ 27-15-9-1 — Value, amount, or proportion of consideration received

Indiana § 27-15-9-1

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 15: DEMUTUALIZATION OF MUTUAL INSURANCE
• Ch. 9: Formula for Allocation of Consideration Among

Text

The method or formula for allocating
consideration among the eligible members shall provide for each
eligible member to receive:
(1) a fixed value, amount, or proportion of consideration;
(2) a variable value, amount, or proportion of consideration; or
(3) a combination of fixed and variable values, amounts, or
proportions of consideration.

Legislative History

As added by P.L.94-1999, SEC.3.