PocketLaw | Indiana Code | Demutualization of Mutual Insurance

Demutualization of Mutual Insurance Companies

Checkout our iOS App for a better way to browser and research.

General Provisions and Definitions

Plan of Conversion

Application for Conversion

Public Hearing and Commissioner's Determination

Voting on the Plan by Members

Implementation of Approved Plan of Conversion

Confidential Records

Distribution of Consideration to Members

Formula for Allocation of Consideration Among Members

Dividend Preservation

Use of a Closed Block

Effect of Pending Claims on the Distribution of Consideration to Members

Initial Limits on Ownership of Shares

Modified Conversion Requirements for Companies in Hazardous Financial Condition

Judicial Review

Miscellaneous Provisions