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    • Legislation USA
    • Indiana Code
    • Title 27. Insurance
    • Article 15. Demutualization of Mutual Insurance Companies
    • Chapter 11. Use of a Closed Block

    Indiana Code
    Article 15. Demutualization of Mutual Insurance Companies
    Chapter 11. Use of a Closed Block

    27-15-11-1. Applicability of Chapter - Sec. 1. This chapter applies if a closed block is...

    27-15-11-2. Preparation of Written Plan of Operation - Sec. 2. The converting mutual shall prepare a written plan...

    27-15-11-3. Operation of Closed Block; Nonreversion of Assets - Sec. 3. The closed block shall be operated for the...

    27-15-11-4. Sufficiency of Assets - Sec. 4. The assets allocated to the closed block, together...

    27-15-11-5. Designation of Assets - Sec. 5. The assets assigned to a closed block shall...

    27-15-11-6. Methods for Assignment or Designation of Assets - Sec. 6. The plan of operation must specify the following:...

    27-15-11-7. Conditions for Ceasing Maintenance of Closed Block - Sec. 7. The plan of operation must provide for the...

    27-15-11-8. Annual Reports and Reviews of Former Mutual - Sec. 8. The former mutual shall: (1) submit to the...

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