The reorganization of a mutual insurance company or two (2) or more mutual insurance companies into a mutual insurance holding company structure under this chapter may be accomplished by any means approved by the commissioner, including the following:(1) The establishment of at least one (1) company.(2) The amendment or restatement of the articles and bylaws of any company.(3) The transfer or acquisition of any or all of the assets and liabilities of any company.(4) The transfer or acquisition of any or all of the capital stock of any company.(5) The merger of two (2) or more companies.(6) The merger of a mutual insurance company's members into any existing mutual insurance holding company with continued corporate existence of the reorganized mutual insurance company as a reorganized insurer.As added by P.L.226-2023, SEC.30.
Indiana Legal Code