Section 27-15-16-3 - Hiring professionals necessary to assist commissioner's review(a) The commissioner may, at the expense of a converting mutual that has: (1) filed an application under this article;(2) notified the commissioner of its intention to file an application under this article; or(3) adopted a resolution proposing a simple plan of conversion under this article; hire accountants, actuaries, attorneys, financial advisors, investment bankers, and other experts that are necessary to assist the commissioner in reviewing all matters under this article.
(b) The commissioner may at any time require the converting mutual to deposit an amount of money with the department in anticipation of expenses to be incurred by the commissioner under this section.As added by P.L. 94-1999, SEC.3.