Sec. 1. After the adoption by the board of directors of the resolution proposing the plan of conversion under IC 27-15-2 and the amendment to its articles of incorporation, the converting mutual shall file with the commissioner an application for approval of the plan and amendment. As added by P.L.94-1999, SEC.3.
Sec. 2. The application must contain the following information, together with such additional information as the commissioner may require: (1) The plan of conversion and a certificate of the secretary of the converting mutual certifying the adoption of the plan by the board of directors. (2) A statement of the reasons for the proposed conversion […]
Sec. 3. Notwithstanding section 2 of this chapter, the opinion described in section 2(10) of this chapter is not required under this chapter if the converting mutual utilizes a simple plan of conversion. As added by P.L.94-1999, SEC.3.
Sec. 4. The actuarial opinion required by this chapter shall be: (1) provided and signed by a qualified and independent actuary who is a member of the American Academy of Actuaries; (2) given in accordance with professional standards and practices generally accepted by the actuarial profession and those other factors as the actuary believes are […]
