Indiana Code Title 27. Insurance § 27-15-4-8

(1) that the amount and form of consideration is fair in the aggregate and to each member class;

(2) that the plan of conversion and the amendment to the articles of incorporation:

(3) except for a simple plan of conversion, that the total consideration provided to eligible members upon the extinguishing of the converting mutual's membership interests is equal to or greater than the surplus of the converting mutual.