{"data":{"id":"us-in/ic-27-5.1-4-2","jurisdiction":"us-in","citation":"IC 27-5.1-4-2","heading":"Companies existing on June 30, 2003; extended company election; amended certificate of authority","body":"Sec. 2. (a) A farm mutual insurance company that was authorized to provide insurance in Indiana on June 30, 2003, may elect to obtain a certificate of authority as an extended company.\n(b) An election under subsection (a) is made by:\n(1) an affirmative vote by the board of directors of the farm mutual insurance company:\n(A) on a resolution to convert to an extended company; and\n(B) on an amendment of the articles of incorporation of the farm mutual insurance company; and\n(2) filing:\n(A) the resolution;\n(B) the amended articles of incorporation; and\n(C) other information that the commissioner considers necessary for review;\nwith the commissioner.\n(c) The commissioner shall, upon:\n(1) receiving a filing specified under subsection (b)(2); and\n(2) determining that the farm mutual insurance company is in compliance with the requirements of this article and other applicable law;\nissue an amended certificate of authority to the farm mutual insurance company authorizing the farm mutual insurance company as an extended company.\n(d) A farm mutual insurance company, after receiving an amended certificate of authority under subsection (c):\n(1) is subject to the requirements of this chapter; and\n(2) may commence the business of insurance as an extended company.","path":["TITLE 27. INSURANCE","ARTICLE 5.1. FARM MUTUAL INSURANCE COMPANIES","Chapter 4. Extended Farm Mutual Insurance Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-5.1-4-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"e2f604a4b656564bf088145bf0640c262cfc7d3fc19846601fd6ec374bebcf07","source_id":"us-in","stale":false,"prev":"us-in/ic-27-5.1-4-1","next":"us-in/ic-27-5.1-4-3"},"notice":"GroundRules: Original legal text. Not legal advice."}