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IC 27-15 – Demutualization of Mutual Insurance Companies | Midpage
Collections
Indiana Code
Title 27
15
IC 27-15
Demutualization of Mutual Insurance Companies
1
General Provisions and Definitions
2
Plan of Conversion
3
Application for Conversion
4
Public Hearing and Commissioner's Determination
5
Voting on the Plan by Members
6
Implementation of Approved Plan of Conversion
7
Confidential Records
8
Distribution of Consideration to Members
9
Formula for Allocation of Consideration Among Members
10
Dividend Preservation
11
Use of a Closed Block
12
Effect of Pending Claims on the Distribution of Consideration to Members
13
Initial Limits on Ownership of Shares
14
Modified Conversion Requirements for Companies in Hazardous Financial Condition
15
Judicial Review
16
Miscellaneous Provisions