(a) A mutual insurance holding company, an intermediate stock holding company, and stock insurance company subsidiaries that are owned entirely or in part, directly or indirectly, by the mutual insurance holding company constitute an insurance holding company system (as defined in IC 27-1-23-1).(b) Notwithstanding subsection (a), a separate filing or approval is not required under IC 27-1-23 for a reorganization that:(1) is included in a plan approved under this article; and(2) does not involve the acquisition of control of an insurance company that is not affiliated with the applicant before the reorganization.As added by P.L.226-2023, SEC.30.
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