27-15-15-1. Petition for Review
Sec. 1. A person who is aggrieved by an agency action of the commissioner under this article may petition for judicial review of the action under IC 4-21.5-5. As added by P.L.94-1999, SEC.3.
27-15-15-2. Time for Filing Petitions
Sec. 2. All petitions for judicial review of, and any action challenging the validity of or arising out of: (1) the approval or disapproval of; or (2) any action proposed to be taken under; any order or determination of the commissioner in connection with a plan of conversion under this article must be filed not […]
27-15-15-3. Action to Compel Determination
Sec. 3. A person who is aggrieved by a failure of the commissioner to act or make a determination required by this article may bring an action for mandate in the circuit court of Marion County to compel the commissioner to act or make the determination. As added by P.L.94-1999, SEC.3.
27-15-16-1. Parent Company
Sec. 1. A parent company under this article: (1) shall locate its executive offices in Indiana; (2) shall employ at least five hundred (500) persons or a substantial percentage of its workforce in Indiana; (3) shall be organized under the laws of Indiana; and (4) may be: (A) a corporation organized for the purpose of […]
27-15-16-2. Rules
Sec. 2. The commissioner may adopt rules under IC 4-22-2 necessary for the administration of this article. As added by P.L.94-1999, SEC.3.
27-15-16-3. Hiring Professionals Necessary to Assist Commissioner’s Review
Sec. 3. (a) The commissioner may, at the expense of a converting mutual that has: (1) filed an application under this article; (2) notified the commissioner of its intention to file an application under this article; or (3) adopted a resolution proposing a simple plan of conversion under this article; hire accountants, actuaries, attorneys, financial […]
27-15-16-4. Failure to Give Notice; Good Faith Exception
Sec. 4. If a converting mutual complies substantially and in good faith with this article with respect to any required notice to members and policyholders, its failure in any case to give the notice to any person entitled to notice does not: (1) impair the validity of actions taken under this article; or (2) entitle […]
27-15-16-5. Abandonment of Plan of Conversion
Sec. 5. At any time before the effective date of the plan of conversion, the plan may be abandoned under provisions included in the plan of conversion filed under this article. As added by P.L.94-1999, SEC.3.
27-15-16-6. Use of “Mutual” Prohibited After Conversion
Sec. 6. After conversion, the name of the former mutual may not include the term “mutual”. As added by P.L.94-1999, SEC.3.
27-15-13-2. Acquisition of Beneficial Ownership; Factors for Approval Procedure
Sec. 2. (a) The commissioner may not approve an acquisition under section 1(a) of this chapter unless the commissioner finds that: (1) the requirements of IC 27-1-23-2(e) will be satisfied; (2) the acquisition will not frustrate the plan of conversion or the amendment to the articles of incorporation as approved by the members and the […]