§ 27-14.5-2-1 Conditions for reorganization of a mutual insurance company; resulting subsidiaries
§ 27-14.5-2-2 Different means of reorganizing into a mutual insurance holding company
§ 27-14.5-2-3 Mutual insurance holding company must have voting power
§ 27-14.5-2-4 Required vote of board of directors in favor of plan of reorganization
§ 27-14.5-2-5 Filing of application with insurance commissioner
§ 27-14.5-2-6 Contents of plan of reorganization
§ 27-14.5-2-7 Amendment or termination of plan of reorganization
§ 27-14.5-2-8 Submission of plan of reorganization to members
§ 27-14.5-2-9 Member voting on plan of reorganization
§ 27-14.5-2-10 Notice of meeting to all members
§ 27-14.5-2-11 Required contents of proxy solicitation
§ 27-14.5-2-12 Required vote of members in favor of plan of reorganization
§ 27-14.5-2-13 Filing minutes of meeting at which plan of reorganization is approved
§ 27-14.5-2-14 Transfer of rights, liabilities, and authority to reorganized insurer
§ 27-14.5-2-15 Proceeding pending against mutual insurance company
§ 27-14.5-2-16 Reorganized insurer may retain name

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Terms Used In Indiana Code > Title 27 > Article 14.5 > Chapter 2 - Mutual Insurance Company Reorganization

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.