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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 1. As used in this chapter:
(a) “Commissioner” means the insurance commissioner of this state.
(b) “Domestic insurer” means a stock insurance company organized under the laws of this state.
(c) “Parent corporation” means a corporation organized for any purpose under the laws of this state or any other jurisdiction that owns, directly or indirectly, at least ninety percent (90%) of the issued and outstanding voting stock of a domestic insurer.
(d) “Subsidiary insurer” means a domestic insurer, at least ninety percent (90%) of the issued and outstanding voting stock of which is owned by a parent corporation.
(e) “Voting stock” means shares issued by a domestic insurer, the record holders of which are entitled to vote at each election of directors of the domestic insurer, and securities convertible into or evidencing a right to acquire the shares.
Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-3-3-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-3-3-1/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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