Indianapolis Versicherungs-Gesellschaft, said reconversion plan given final approval
United American Life Insurance Co. won final approval Thursday to launch a restructuring, she said cutting taxes, improving access to capital and make it easier to combine with other companies.
More than 94 percent of AUL’s mutual insurance, a holding company, AUL announced during a special meeting on Thursday.
The Indiana Department of Insurance approved the transaction in September last until the head of policyholders.
No insurance spoke for 20 minutes in plenary AUL’s Downtown headquarters. Most of these ownership enterprises were employees, officers and directors.
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