(a) Before the commissioner issues a permit for completion of organization of the mutual insurance holding company and a certificate of authority for the reorganized insurer under subsection (b), the commissioner must:(1) issue notice to the applicant that the commissioner has approved the plan of reorganization of the applicant under this article; and(2) receive the minutes of the meeting of the members at which the plan was approved under this article.(b) After the events referred to in subsection (a), the commissioner shall issue:(1) a permit for completion of organization of the mutual insurance holding company as provided in IC 27-1-6-11; and(2) a certificate of authority for the reorganized insurer as provided in IC 27-1-8-9.As added by P.L.226-2023, SEC.30.
Indiana Legal Code