Section 27-3-3-1 - DefinitionsAs used in this chapter:
(a) "Commissioner" means the insurance commissioner of this state.(b) "Domestic insurer" means a stock insurance company organized under the laws of this state.(c) "Parent corporation" means a corporation organized for any purpose under the laws of this state or any other jurisdiction that owns, directly or indirectly, at least ninety percent (90%) of the issued and outstanding voting stock of a domestic insurer.(d) "Subsidiary insurer" means a domestic insurer, at least ninety percent (90%) of the issued and outstanding voting stock of which is owned by a parent corporation.(e) "Voting stock" means shares issued by a domestic insurer, the record holders of which are entitled to vote at each election of directors of the domestic insurer, and securities convertible into or evidencing a right to acquire the shares.(Formerly: Acts1973 , P.L. 278, SEC.1.) As amended by P.L. 245-1989, SEC.2.