Ind. Code § 27-14.5-2-3

Current through P.L. 171-2024

Section 27-14.5-2-3 - Mutual insurance holding company must have voting power

After the effective date of the reorganization of a mutual insurance company as a mutual insurance holding company under this chapter, the mutual insurance holding company must at all times have the direct or indirect power to cast at least a majority of the votes for the election of the members of the board of directors of:

(1) each stock insurance company subsidiary; and

(2) any intermediate stock holding company.

IC 27-14.5-2-3

Added by P.L. 226-2023,SEC. 30, eff. 5/1/2023.