{"data":{"id":"us-in/ic-27-14.5-2-1","jurisdiction":"us-in","citation":"IC 27-14.5-2-1","heading":"Conditions for reorganization of a mutual insurance company; resulting subsidiaries","body":"Sec. 1. (a) A mutual insurance company may reorganize under this chapter as a mutual insurance holding company with one (1) or more subsidiaries if the following occur:\n(1) The adoption of a plan of reorganization by the mutual insurance company's board of directors in accordance with section 4 of this chapter.\n(2) The approval by the commissioner of the mutual insurance company's application for reorganization.\n(3) The favorable vote of the mutual insurance company's members under sections 8 through 12 of this chapter.\n(b) The subsidiaries of a mutual insurance holding company that result from a reorganization of a mutual insurance company under this chapter:\n(1) must include at least one (1) stock insurance company subsidiary; and\n(2) may include one (1) or more intermediate stock holding companies.","path":["TITLE 27. INSURANCE","ARTICLE 14.5. MUTUAL INSURANCE HOLDING COMPANY LAW","Chapter 2. Mutual Insurance Company Reorganization"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-14.5-2-1","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"0a0420428fad4192ec179abf282fc99fe216a21f0be42f456ebc8657d17f781e","source_id":"us-in","stale":false,"prev":"us-in/ic-27-14.5-1-30","next":"us-in/ic-27-14.5-2-2"},"notice":"GroundRules: Original legal text. Not legal advice."}