Sec. 1.1. (a) This article is intended to enable mutual insurance companies to seek additional capital more effectively to:
(1) enhance their financial strength and flexibility;
(2) support long term growth internally and through mergers and acquisitions; and
(3) expand and enhance the domestic insurance companies of this state.
(b) This article provides an alternative organizational structure to help strengthen the Indiana mutual insurance industry by permitting mutual insurance companies to:
(1) reorganize into a mutual insurance holding company structure; and
(2) raise capital through the sale of capital stock.
As added by P.L.220-2011, SEC.463.
Structure Indiana Code
Article 14. Mutual Insurance Holding Company Law
Chapter 1. General Provisions and Definitions
27-14-1-1.1. Intent of Article; Alternative Organizational Structure
27-14-1-2. "Members' Surplus Protection Principle"
27-14-1-3. Applicability of Definitions
27-14-1-4. "Acting in Concert"
27-14-1-12. "Disinterested Director"
27-14-1-15. "Employee Benefit Plan"
27-14-1-16. "Financial Services Businesses"
27-14-1-17. "Immediate Family"
27-14-1-18. "Internal Revenue Code"
27-14-1-19. "Material Ownership Interest"
27-14-1-21. "Member's Interest"
27-14-1-24. "Mutual Insurance Company" or "Mic"
27-14-1-25. "Mutual Insurance Holding Company" or "Mihc"
27-14-1-27. "Ordinary Course of the Insurance Business"
27-14-1-28. "Outside Director"
27-14-1-29. "Participating Policy"
27-14-1-32. "Plan of Reorganization"
27-14-1-33. "Plan to Issue Stock"
27-14-1-35. "Reorganized Insurer"