Sec. 2. (a) This article replaces IC 27-14, as repealed by HEA 1329-2023.

     (b) The repeal of IC 27-14 does not affect the validity of any mutual insurance company reorganization that was approved under IC 27-14. Any existing mutual insurance holding company and any related intermediate stock holding company or reorganized insurer created or reorganized under IC 27-14 (before its repeal) are:

(1) governed by this article after April 30, 2023; and

(2) considered created or reorganized as of the date the mutual insurance holding company, related intermediate stock holding company, or reorganized insurer was created or reorganized, as applicable, under IC 27-14.

As added by P.L.226-2023, SEC.30. Amended by P.L.9-2024, SEC.489.