{"data":{"id":"us-in/ic-27-15-1-2","jurisdiction":"us-in","citation":"IC 27-15-1-2","heading":"Conversion generally","body":"Sec. 2. (a) Any domestic mutual insurance company that:\n(1) maintains its executive offices in Indiana; and\n(2) employs at least five hundred (500) persons or a substantial percentage of its workforce in Indiana;\nmay, by amendment to its articles of incorporation, convert to a stock insurance company by means of a plan of conversion described in IC 27-15-2-2 or a simple plan of conversion described in IC 27-15-2-3 and IC 27-1-8.\n(b) The commissioner shall determine whether a mutual insurance company meets the requirements of subsection (a)(2).","path":["TITLE 27. INSURANCE","ARTICLE 15. DEMUTUALIZATION OF MUTUAL INSURANCE COMPANIES","Chapter 1. General Provisions and Definitions"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-15-1-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"a3e6622ad9be66d0c2a5f882f76ed2e03a8c98e385dce3a8ea0707149523a34b","source_id":"us-in","stale":false,"prev":"us-in/ic-27-15-1-1","next":"us-in/ic-27-15-1-3"},"notice":"GroundRules: Original legal text. Not legal advice."}