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Indiana Code
2022 Indiana Code
Title 27. Insurance
Article 14. Mutual Insurance Holding Company Law
Chapter 6. Public Hearing, Commissioner Approval, and Effective Date of Plan to Issue Stock
27-14-6-3. Issuance of Order of Approval or Disapproval
Universal Citation:
IN Code § 27-14-6-3 (2022)
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Sec. 3. (a) On or before the later of:
(1) sixty (60) days after a public hearing held under this chapter; or
(2) one hundred twenty (120) days after the commissioner accepts the application relating to the plan;
or a longer period if extended by the commissioner for good cause, the commissioner shall issue an order to approve or disapprove the plan under IC 27-14-4 to issue stock.
(b) The commissioner shall fully consider any comments received at a public hearing under IC 4-22-2-27 before issuing an order under subsection (a).
As added by P.L.5-2000, SEC.4.
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