"Converting mutual"

Ind. Code § 27-15-1-6, under General Provisions and Definitions.

Ind. Code § 27-15-1-6

Sec. 6. "Converting mutual" means a domestic mutual insurance company that has adopted a plan of conversion and an amendment to its articles of incorporation under this article that will, upon consummation, result in the domestic mutual insurance company converting into a domestic stock insurance company. As added by P.L.94-1999, SEC.3.