{"data":{"id":"us-in/ic-27-14.5-5-4","jurisdiction":"us-in","citation":"IC 27-14.5-5-4","heading":"Permissible actions of mutual insurance holding company; disclosure required when acquiring majority of voting stock of insurance company","body":"Sec. 4. (a) With the written approval of the commissioner, and subject to any conditions that the commissioner may impose, a mutual insurance holding company may do any of the following:\n(1) Merge or consolidate with, or acquire the assets of:\n(A) a mutual insurance holding company licensed under this article; or\n(B) any similar entity organized under the laws of any other state.\n(2) Either alone or together with one (1) or more of an intermediate stock holding company, a stock insurance company subsidiaries or other subsidiaries, directly or indirectly, acquire the stock or assets of:\n(A) a stock insurance company;\n(B) a mutual insurance company that is reorganized under this article or the law of its state of organization; or\n(C) a mutual insurance company.\n(3) Acquire a stock insurance company through the merger of the stock insurance company or its parent company, as applicable, into:\n(A) a stock insurance company subsidiary; or\n(B) an intermediate stock holding company subsidiary or the mutual insurance holding company.\n(b) A mutual insurance holding company and its affiliates may:\n(1) establish any other type of entity as otherwise permitted by law; and\n(2) acquire the stock or assets of any other entity or person as otherwise permitted by law.\n(c) Whenever a mutual insurance holding company:\n(1) holds;\n(2) acquires; or\n(3) plans to acquire;\nmore than fifty percent (50%) of the voting capital stock of a stock insurance company, the mutual insurance holding company must submit to the commissioner a description of any membership interests of policyholders of the stock insurance company in the mutual insurance holding company.","path":["TITLE 27. INSURANCE","ARTICLE 14.5. MUTUAL INSURANCE HOLDING COMPANY LAW","Chapter 5. Mutual Insurance Holding Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-14.5-5-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"637aaa7d1b09ad99712cbd1da67f9e87d5a398c79afdd01bb3cfcf6053365954","source_id":"us-in","stale":false,"prev":"us-in/ic-27-14.5-5-3","next":"us-in/ic-27-14.5-5-5"},"notice":"GroundRules: Original legal text. Not legal advice."}