Indiana § 27-1-11-7 - Completion of reorganization; effect

§ 27-1-11-7. Completion of reorganization; effect

Sec. 7. Upon the issuance of the certificate of reorganization by the secretary of state, the filing for record of the articles with the department and the county recorder as provided in section 6 of this chapter, and the issuance of the new certificate of authority provided for in section 6 of this chapter:

(1) the reorganization shall become effective;

(2) the corporation shall be entitled to all of the rights, privileges, immunities, powers, and franchises and be subject to all of the penalties, liabilities, and restrictions by the provisions of this article granted to or imposed upon corporations organized under this article; and

(3) the articles of incorporation or organization shall be deemed to be amended to the extent, if any, that any provision or provisions of such articles shall be restated in the articles of reorganization as provided by section 2 of this chapter.

Formerly: Acts 1935, c.162, s.145. As amended by P.L.252-1985, SEC.58.

IC 27-1-12Chapter 12. Life Insurance Company Powers and Policy Requirements

27-1-12-0.1Application of certain amendments to chapter 27-1-12-1Particular rights, privileges, and powers 27-1-12-2Investments; categories, conditions, limitations, and standards 27-1-12-2.1Repealed 27-1-12-2.2Derivative transactions 27-1-12-2.4Participation in certain investment pools; requirements for pooling agreements 27-1-12-2.5Investments; assets of certain segregated investment accounts; limitations and exceptions 27-1-12-3Real estate 27-1-12-3.5Intangible assets attributable to investment in subsidiary; exceptions 27-1-12-4Valuation of bonds and securities 27-1-12-5Required provisions of policies between July 1, 1935, and transition date or January 1, 1948 27-1-12-6Required provisions of policies after transition date or January 1, 1948 27-1-12-7Required provisions relating to defaulting or surrendering policyholder 27-1-12-8Prohibited provisions 27-1-12-9Repealed 27-1-12-10Repealed 27-1-12-10.1Repealed 27-1-12-10.5Rules for minimum standards for establishment of reserves 27-1-12-11Deposit of assets to cover reserve valuation and liabilities; additional deposits; foreign deposits; continuation of deposits under superseded laws 27-1-12-12Transition period; selection of date; effect 27-1-12-13Filing form of policy with department; objections; effect on right to issue 27-1-12-14Designation of beneficiary; change of beneficiary; eligible beneficiaries; exemption of policy proceeds from claims of creditors 27-1-12-15Competency of certain minors to contract for insurance and receive payments 27-1-12-16Proceeds of life insurance; definition; payment to trustees 27-1-12-17Authority of corporation to insure life of director, officers, agent, or employee; consent to change of beneficiary 27-1-12-17.1Acquisition of insurable interest in and policy on life of employee 27-1-12-18Contract to extend time for premium payments 27-1-12-19Ascertainment of indebtedness due upon policy or premium loans; interest 27-1-12-20Premium deposits; maximum; inclusion in cash surrender value; disposition; withdrawal 27-1-12-21Power to hold proceeds under trust or other agreement with policyholder 27-1-12-22Impairment of assets or capital; notice of time for restoration; suspension of right to issue new policies 27-1-12-23Procedure for converting domestic stock life insurance company into mutual life insurance company 27-1-12-24Offering stock or certificates as inducement for purchase of insurance or annuity; revocation of authority 27-1-12-25Misrepresentation of policy terms or benefits; inducing policyholder to lapse, forfeit, or surrender insurance 27-1-12-26Fraudulent representations; offense 27-1-12-27Repealed 27-1-12-28Repealed 27-1-12-29Group life insurance; exemption of proceeds from legal process 27-1-12-30Group life insurance; assignment of incidents of ownership 27-1-12-31Authority to issue life or endowment insurance upon group plan; special premium rates; valuation of policies; segregation 27-1-12-32Financial qualifications of companies issuing certain contracts 27-1-12-33Variable life insurance policies; contents; regulation 27-1-12-34Repealed 27-1-12-34.1Wholesale, franchise, and employee term life insurance; issuance or delivery; requirements 27-1-12-35Life insurance proceeds; payment; time limit; liability for interest 27-1-12-36Repealed 27-1-12-37Group life insurance; eligible policyholders; regulations 27-1-12-38Group life insurance; requirements for issuance of policy to certain groups 27-1-12-39Direct response solicitations; notice of payment of compensation 27-1-12-40Group life insurance; premiums; spouse or dependent child coverage 27-1-12-41Group life insurance; required provisions 27-1-12-42Group life insurance; conversion rights; notice; time to exercise rights 27-1-12-43Life insurance provision allowing for right to return policy 27-1-12-44Stranger originated life insurance allegation; lack of insurable interest 27-1-12-45Execution of POST form does not affect life insurance; prohibition on consideration of POST form in determining life insurance premiums 27-1-12-46Policy or certificate designated for purchase of funeral services or merchandise; representations by issuer; required disclosures; violations