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Indiana Code Title 27. Insurance § 27-15-4-7

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

Sec. 7. (a) The commissioner shall fully consider any comments received at a required hearing consistent with IC 4-22-2-27 before issuing an order approving or disapproving the application, plan of conversion, and amendment to the articles of incorporation.

(b) The commissioner's order or determination shall:

(1) be issued within thirty (30) days after the last day of the public hearing or, for a simple plan of conversion, within ninety (90) days after the filing of an application for approval of the plan;

(2) be in writing;  and

(3) detail the reasons why the converting mutual's application is approved or disapproved.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-15-4-7 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-15-4-7/

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