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§ 27-14-5-2-15 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 27 - Insurance/
  5. Article 14.5 - Mutual Insurance Holding Company Law/
  6. Chapter 2 - Mutual Insurance Company Reorganization27-14.5-2-1. Conditions for Reorganization of A Mutual Insurance Company; Resulting Subsidiaries/
  7. § 27-14-5-2-15
Indiana Legal Code

§ 27-14-5-2-15

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If a proceeding is pending against a mutual insurance company that is the subject of a plan of reorganization under this chapter:(1) the proceeding may be continued against the reorganized insurer under its former name after the effective date of the reorganization, as if the reorganization had not occurred; or(2) the reorganized insurer that succeeds to the mutual insurance company's business may be substituted in the proceeding for the mutual insurance company.As added by P.L.226-2023, SEC.30.