Ind. Code § 27-5.1-4-2
Companies existing on June 30, 2003; extended company election; amended certificate of authority
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Ind. Code § 27-5.1-4-2, Companies existing on June 30, 2003; extended company election; amended certificate of authority, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1663308
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Full text
Sec. 2.
(a) A farm mutual insurance company that was authorized to provide insurance in Indiana on June 30, 2003, may elect to obtain a certificate of authority as an extended company.
(b) An election under subsection (a) is made by:
(1) an affirmative vote by the board of directors of the farm mutual insurance company:
(A) on a resolution to convert to an extended company; and
(B) on an amendment of the articles of incorporation of the farm mutual insurance company; and
(2) filing:
(A) the resolution;
(B) the amended articles of incorporation; and
(C) other information that the commissioner considers necessary for review;
with the commissioner.
(c) The commissioner shall, upon:
(1) receiving a filing specified under subsection (b)(2); and
(2) determining that the farm mutual insurance company is in compliance with the requirements of this article and other applicable law;
issue an amended certificate of authority to the farm mutual insurance company authorizing the farm mutual insurance company as an extended company.
(d) A farm mutual insurance company, after receiving an amended certificate of authority under subsection (c):
(1) is subject to the requirements of this chapter; and
(2) may commence the business of insurance as an extended company.