Mutual insurance holding company must have voting power

Ind. Code § 27-14.5-2-3
in effect
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Sec. 3. After the effective date of the reorganization of a mutual insurance company as a mutual insurance holding company under this chapter, the mutual insurance holding company must at all times have the direct or indirect power to cast at least a majority of the votes for the election of the members of the board of directors of: (1) each stock insurance company subsidiary; and (2) any intermediate stock holding company. As added by P.L.226-2023, SEC.30.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/27Fetched: 10/17/2026

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