Sec. 4. Within ninety (90) days after the adoption of a plan to issue stock, the reorganized insurer or stock holding company adopting the plan must file with the commissioner an application that contains the following:

(1) A proposed plan to issue stock.

(2) A description of the reasons for and purpose of the proposed plan and the manner in which the issuance will benefit the members of the MIHC.

(3) If it is necessary to amend the current articles of incorporation or bylaws of a company that is affected by the plan, a copy of the proposed articles of amendment and amended bylaws of the company, which in the case of each domestic insurance company must comply with IC 27-1-8.

(4) A list of the officers and directors of a company that is affected by the plan.

(5) A description of:

(A) the stock intended to be offered by the applicant;

(B) all shareholder rights applicable to the stock intended to be offered by the applicant;

(C) the total number of shares authorized to be issued;

(D) the estimated number of shares the applicant intends to offer; and

(E) the intended date or range of dates for the offering.

(6) A list of:

(A) the name of any underwriter, syndicate member, or placement agent involved;

(B) if known by the applicant, the name of each person or group of persons who will control five percent (5%) or more of the total outstanding shares of the class of stock to be offered; and

(C) if any of the persons listed under clause (A) or (B) is a corporation or other business organization, the name of each member of its board of directors or equivalent management body.

(7) A description of all expenses expected to be incurred in connection with the offering.

(8) Any other information requested by the commissioner.

As added by P.L.5-2000, SEC.4.