Sec. 4. Within ninety (90) days after the adoption of a plan of reorganization and before a vote on the plan by the members, the company adopting the plan must file with the commissioner an application containing the following:
(1) A plan of reorganization.
(2) The form of the notices to be sent to members under sections 8 and 12(b) of this chapter.
(3) A copy of the:
(A) proposed articles of incorporation; and
(B) bylaws;
of each company to be formed under the plan, including the reorganized insurer in compliance with the requirements of IC 27-1-6.
(4) If it is necessary to amend the current articles of incorporation or bylaws of any company that is affected by the plan, a copy of:
(A) the proposed articles of amendment or amended and restated articles of incorporation; and
(B) amended or restated bylaws;
of the company, which in the case of each domestic insurance company must comply with the requirements of IC 27-1-8.
(5) With respect to participating policies and contracts of the reorganized insurer, a description of:
(A) the current dividend practices of the MIC; and
(B) the dividend practices to be followed by the reorganized insurer following the effective date of reorganization.
As added by P.L.5-2000, SEC.4.
Structure Indiana Code
Article 14. Mutual Insurance Holding Company Law
Chapter 2. Mutual Insurance Company Reorganization
27-14-2-1. Prerequisites to Reorganization
27-14-2-2. Methods of Reorganization
27-14-2-3. Adoption of Plan of Reorganization by Directors
27-14-2-4. Application for Reorganization
27-14-2-5. Requirements for Plan of Reorganization
27-14-2-6. Amendment or Termination of Plan of Reorganization
27-14-2-8. Notice of Hearing to Members and Policyholders
27-14-2-9. Prerequisites to Approval of Plan of Reorganization
27-14-2-10. Approval or Disapproval of Plan of Reorganization by Commissioner
27-14-2-11. Notice of Approval or Disapproval
27-14-2-12. Submitting Plan of Reorganization to Members
27-14-2-13. Voting on Plan of Reorganization
27-14-2-14. Approval of Plan of Reorganization by Members
27-14-2-15. Filing Minutes of Meeting at Which Plan Approved
27-14-2-16. Issuance of Permit for Completion of Organization
27-14-2-17. Effectiveness of Plan of Reorganization
27-14-2-18. Organization of Insurer Under Plan of Reorganization
27-14-2-19. Amendment of Articles of Incorporation of Insurer Under Plan of Reorganization