Sec. 2. No foreign or alien company shall be admitted for the purpose of transacting any kind or kinds of insurance business in this state, the transaction of which by a domestic company is not permitted by the laws of this state; provided, however, that where a foreign or alien company whose charter provides for the transaction of the kind or kinds of insurance described in more than one (1) class of IC 27-1-5-1 has been transacting business in this state under a certificate of authority issued by the insurance department or insurance commissioner prior to March 8, 1935, such company may be issued a certificate of authority under the provisions of this article to make the kind or kinds of insurance provided by its charter. A foreign or alien insurance company admitted to do an insurance business in this state shall have the same but no greater rights and privileges than a domestic company.
Formerly: Acts 1935, c.162, s.227. As amended by P.L.252-1985, SEC.72.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 17. Admission of Foreign and Alien Companies to Transact Business in Indiana
27-1-17-1. Necessity of Certificate of Authority
27-1-17-4. Documents Required for Admittance
27-1-17-4.2. Service of Process in Action on Surety Bonds
27-1-17-5. Capital and Surplus or Surplus of Assets Over Liabilities; Investment of Surplus
27-1-17-7. Trustees of Assets of Alien Insurer