Ind. Code § 27-15-1-2

Conversion generally

Applied in 2 court decisions — leading case 799 F. Supp. 2d 910 - Ormond v. ANTHEM, INC. (2011)

Most recently applied in Jorling v. Anthem, Inc. (December 2011)

As added by P.L.94-1999, SEC.3

Sec. 2. (a) Any domestic mutual insurance company that:

(1) maintains its executive offices in Indiana; and

(2) employs at least five hundred (500) persons or a substantial percentage of its workforce in Indiana;

may, by amendment to its articles of incorporation, convert to a stock insurance company by means of a plan of conversion described in IC 27-15-2-2 or a simple plan of conversion described in IC 27-15-2-3 and IC 27-1-8.

(b) The commissioner shall determine whether a mutual insurance company meets the requirements of subsection (a)(2).

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