{"data":{"id":"us-in/ic-27-5.1-2-2","jurisdiction":"us-in","citation":"IC 27-5.1-2-2","heading":"Farm mutual insurance companies existing on June 30, 2003","body":"Sec. 2. (a) A farm mutual insurance company that holds a certificate of authority to do business in Indiana on June 30, 2003, is a standard company under this article unless the farm mutual insurance company:\n(1) elects to become an extended company under IC 27-5.1-4; and\n(2) is authorized by the commissioner to do business as an extended company.\n(b) A standard company described in subsection (a) may elect to become an extended company at any time by:\n(1) complying with IC 27-5.1-4-2(b); and\n(2) submitting to an examination that may be conducted at the discretion of the commissioner.\n(c) An election made under this section is effective upon the date the commissioner issues a new certificate of authority.","path":["TITLE 27. INSURANCE","ARTICLE 5.1. FARM MUTUAL INSURANCE COMPANIES","Chapter 2. Farm Mutual Insurance Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-5.1-2-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"66a247484a908d50890cb9567c2f4a950850e49bf818d9eed46ef9229f988277","source_id":"us-in","stale":false,"prev":"us-in/ic-27-5.1-2-1","next":"us-in/ic-27-5.1-2-3"},"notice":"GroundRules: Original legal text. Not legal advice."}