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Indiana · Snapshot 2026

IC 27-14.5-1-5: "Acting in concert"

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Where this section sits in the code
  1. TITLE 27. INSURANCE
  2. ARTICLE 14.5. MUTUAL INSURANCE HOLDING COMPANY LAW
  3. Chapter 1. General Provisions and Definitions

Sec. 5. (a) Subject to subsection (b), "acting in concert" means:

(1) a knowing participation in a joint activity whether or not under an express agreement;

(2) interdependent conscious parallel action toward a common goal under an express agreement or otherwise; or

(3) a combination or pooling of voting interests or other interests in the securities of any person for a common purpose under any contract, understanding, relationship, agreement, or other arrangement, written or otherwise.

(b) An employee benefit plan is acting in concert with:

(1) its trustee; or

(2) a person who serves in a capacity similar to a trustee;

solely for the purpose of determining whether capital stock held by the trustee or the person in a similar capacity and capital stock held by the plan will be aggregated.

Collected 2026-09-25T05:39:04Z. Source file · JSON

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