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Indiana Code Title 27. Insurance § 27-14.5-5-6

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 6. (a) Not later than June 1 of each year, each mutual insurance holding company must file with the commissioner an annual statement consisting of the following information:

(1) Audited financial statements, including:

(A) an income statement;

(B) a balance sheet;  and

(C) a statement of cash flows.

(2) Complete information on the status of any condition imposed in connection with the approval of a plan of reorganization.

(3) An investment plan covering all assets of the mutual insurance holding company.

(4) A statement disclosing any intention to pledge, borrow against, alienate, hypothecate, or in any way encumber the assets of the mutual insurance holding company.

(b) The commissioner, through an order or by a rule adopted under IC 4-22-2, may waive or suspend all or any part of the requirements of subsection (a) for a particular mutual insurance holding company or class of mutual insurance holding companies.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-14.5-5-6 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-14-5-5-6/

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