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Ind. Code § 27-14.5-4-1

Insurance commissioner approval of plan of reorganization

As added by P.L.226-2023, SEC.30.

Sec. 1. Not more than sixty (60) days after the filing of a plan of reorganization that:

(1) is complete; and

(2) does not include a plan to issue stock;

the commissioner shall approve the plan without holding a hearing unless the commissioner concludes that one (1) or more of the findings listed in section 6 of this chapter is likely to be made.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.