Sec. 27. "Ordinary course of the insurance business" includes but is not limited to the following actions and activities of the MIHC and its subsidiaries:
(1) Operations, practices, and procedures of the company in effect prior to the effective date of the plan of reorganization.
(2) Operations, practices, and procedures that are consistent with industry practices and standards used or in effect at any relevant time.
(3) The payment of obligations due under any surplus note issued by the company with the approval of the commissioner.
(4) Expanding the business of any company into other insurance, insurance-related, and financial services businesses.
Any expansion in the ordinary course of the insurance business may be accomplished through acquisition, merger, consolidation, strategic alliance, joint venture, or other business combination.
As added by P.L.5-2000, SEC.4.
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