Forms of Consideration

  1. Law
  2. Indiana Code
  3. Insurance
  4. Demutualization of Mutual Insurance Companies
  5. Distribution of Consideration to Members
  6. Forms of Consideration

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Sec. 1. The consideration to be distributed to the eligible members shall be:

(1) cash;

(2) stock or other securities of the former mutual or of the parent company;

(3) additional paid up insurance or annuity benefits;

(4) any combination of the forms of consideration listed in this section; or

(5) other forms of consideration described in the plan of conversion and approved by the commissioner.

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


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