Indiana Code
Chapter 13. Casualty, Fire, and Marine Insurance Company Powers and Policy Requirements
27-1-13-10. Insurance Rating Bureaus; Organizational Regulations

Sec. 10. Any insurance rating bureau which files any rating plan, manual, classifications, rules or rates for fire, marine or inland marine and allied risks insurance with the insurance department of the state of Indiana for its members or subscribers shall as a condition precedent to the filing of an application to act as a rating bureau in the state of Indiana, establish in its constitution or by-laws the right of domestic insurers organized and operating under the laws of the state of Indiana, who are members of such rating bureau, to have representation on the board of directors, board of governors or any other governing body whatsoever, controlling said rating bureau, in an amount of not less than thirty-three and one-third percent (33 1/3%) of all of the voting members of such governing body. The constitution and by-laws of said rating bureau shall also contain the condition that all meetings of the governing body of said rating bureau shall be held either in Chicago, Illinois or in Indianapolis, Indiana. However, this section does not limit the representation of such domestic insurers on said governing body. Indiana representatives on such governing body shall be nominated by special meeting of the Indiana members of such rating bureau at least ten (10) days preceding the election of representatives on the governing body of such rating bureau. The insurance commissioner of the state of Indiana shall have no right to approve any such rating bureau as a rating bureau in the state of Indiana until the aforesaid conditions are met by such bureau.
Formerly: Acts 1935, c.162, s.180a; Acts 1947, c.269, s.1. As amended by P.L.136-2018, SEC.161.

Structure Indiana Code

Indiana Code

Title 27. Insurance

Article 1. Department of Insurance

Chapter 13. Casualty, Fire, and Marine Insurance Company Powers and Policy Requirements

27-1-13-0.1. Application of Certain Amendments to Chapter

27-1-13-1. Particular Rights, Privileges, and Powers of Casualty, Fire, or Marine Insurers; Exceptions

27-1-13-2. Repealed

27-1-13-3. Investment of Capital and Funds Above Capital; Real Estate Interests

27-1-13-3.5. Intangible Assets Attributable to Investment in Subsidiary; Amount as Percentage of Capital and Surplus

27-1-13-4. Valuation of Bonds and Securities

27-1-13-5. Insured Loans and Investments

27-1-13-6. Limitation on Risks; Effect of Reinsurance

27-1-13-7. Policy Requirements

27-1-13-7.5. Newly Acquired Motor Vehicle; Required Coverage

27-1-13-8. Estimating Condition; Classification of Items as Assets or Liabilities; Reserves

27-1-13-8.5. Rules to Prescribe Minimum Standards for Establishment of Reserves

27-1-13-9. Trading or Dealing in Commodities, Goods, Wares, and Merchandise

27-1-13-10. Insurance Rating Bureaus; Organizational Regulations

27-1-13-11. Insurance Rating Bureaus; Meetings; Appearance by Aggrieved Persons

27-1-13-12. Insurance Rating Bureau; Division of Representation

27-1-13-13. Repealed

27-1-13-14. Casualty and Liability Insurance; Qualified Public Transportation Agency; Group Coverage for Functions

27-1-13-15. Property and Casualty Insurance Blanket Policies for Planned Unit Development Owners Association or Corporation

27-1-13-16. Notice of Residential Policy Changes

27-1-13-17. Residential Policy Restrictions