Ind. Code § 27-14.5-2-3
Mutual insurance holding company must have voting power
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Ind. Code § 27-14.5-2-3, Mutual insurance holding company must have voting power, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1665142
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Full text
Sec. 3. 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.