{"data":{"id":"us-in/ic-27-15-14-3","jurisdiction":"us-in","citation":"IC 27-15-14-3","heading":"Approval of application; public hearing","body":"Sec. 3. The commissioner shall approve the application and permit the conversion under a plan of conversion and an amendment to the articles of incorporation described in this chapter if the commissioner finds, following a public hearing, that the plan of conversion and the amendment to the articles of incorporation are in the best interests of the members and policyholders of the converting mutual, without regard to their membership interests.","path":["TITLE 27. INSURANCE","ARTICLE 15. DEMUTUALIZATION OF MUTUAL INSURANCE COMPANIES","Chapter 14. Modified Conversion Requirements for Companies in Hazardous Financial Condition"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-15-14-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"fabf4e82e3f441b013a3e115de7560ca9356f7f01a0ca2192510c0a73e7fba46","source_id":"us-in","stale":false,"prev":"us-in/ic-27-15-14-2","next":"us-in/ic-27-15-14-4"},"notice":"GroundRules: Original legal text. Not legal advice."}