Sec. 7. It shall not be obligatory upon any company, after the issuing of stock as aforesaid, to accept applications for insurance upon the mutual or assessment plan. Formerly: Acts 1895, c.158, s.7.
Option to discontinue writing insurance on mutual or assessment plan
Ind. Code § 27-3-2-7, under Assessment Plans─Reorganization Into Stock Companies.
Ind. Code § 27-3-2-7