Indiana Code 27-14.5-1-3. Intended effect of this article
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Sec. 3. (a) This article is intended to enable mutual insurance companies to seek additional capital more effectively to:
(2) support long term growth internally and through mergers and acquisitions; and
(1) enhance their financial strength and flexibility;
(3) expand and enhance the domestic insurance companies of this state.
(b) This article provides an alternative organizational structure to help strengthen the Indiana mutual insurance industry by permitting mutual insurance companies to:
(1) reorganize into a mutual insurance holding company structure; and
(2) raise capital through the sale of capital stock.
As added by P.L.226-2023, SEC.30.