{"data":{"id":"us-in/ic-27-3-3-1","jurisdiction":"us-in","citation":"IC 27-3-3-1","heading":"Definitions","body":"Sec. 1. As used in this chapter:\n(a) \"Commissioner\" means the insurance commissioner of this state.\n(b) \"Domestic insurer\" means a stock insurance company organized under the laws of this state.\n(c) \"Parent corporation\" means a corporation organized for any purpose under the laws of this state or any other jurisdiction that owns, directly or indirectly, at least ninety percent (90%) of the issued and outstanding voting stock of a domestic insurer.\n(d) \"Subsidiary insurer\" means a domestic insurer, at least ninety percent (90%) of the issued and outstanding voting stock of which is owned by a parent corporation.\n(e) \"Voting stock\" means shares issued by a domestic insurer, the record holders of which are entitled to vote at each election of directors of the domestic insurer, and securities convertible into or evidencing a right to acquire the shares.","path":["TITLE 27. INSURANCE","ARTICLE 3. CONSOLIDATIONS AND REORGANIZATION","Chapter 3. Acquisition of Certain Minority Interests in Subsidiary Domestic Stock Insurance Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-3-3-1","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"c9e99257a2a81ef7033f072b229d5b8dce26d86cd442c394c664a2b3d7ec8532","source_id":"us-in","stale":false,"prev":"us-in/ic-27-3-2-9","next":"us-in/ic-27-3-3-2"},"notice":"GroundRules: Original legal text. Not legal advice."}