Indiana Code
Chapter 20. Additional Provisions Pertaining to All Insurance Companies
27-1-20-12. Retaliatory Provisions

Sec. 12. (a) When, by the laws of any other state, any taxes, fines, penalties, licenses, fees, deposits of money or securities, or other obligations or prohibitions are imposed upon insurance companies of this or other states, or their agents, greater than are required by laws of this state, then the same obligations and prohibitions, of whatever kind, shall, in like manner for like purposes, be imposed upon all insurance companies of such states and their agents. All insurance companies of other nations, under this section, shall be held as of the state where they have elected to make their deposit and establish their principal agency in the United States.
(b) Whenever it shall be made to appear to the insurance commissioner that permission to transact business within any state of the United States, other than the state of Indiana, or within any foreign country, is refused to an insurance company organized under the laws of this state, after a certificate of the solvency and good management of such company has been issued to it by the insurance commissioner and after such company has complied with any reasonable laws of such other state or foreign country requiring deposits of money or securities with the government of such other state or foreign country, then and in every such case, the commissioner may forthwith cancel the authority of every insurance company organized under the laws of such other state or foreign country and licensed to do business in this state, and may refuse a certificate of authority to every such company thereafter applying to him for authority to do business in this state, until his certificate shall have been duly recognized by the government of such other state or foreign country.
Formerly: Acts 1935, c.162, s.259; Acts 1937, c.288, s.5.

Structure Indiana Code

Indiana Code

Title 27. Insurance

Article 1. Department of Insurance

Chapter 20. Additional Provisions Pertaining to All Insurance Companies

27-1-20-1. Insurance of Deposited Securities

27-1-20-2. Repealed

27-1-20-3. Eligibility of Investments for Deposit; Existing Investments

27-1-20-4. Revaluation of Investments Omitting Interest or Dividends

27-1-20-5. Deposit of Securities Acquired From Foreign Life Insurer Under Reinsurance Agreement

27-1-20-6. Transfer of Defaulted Deposited Securities to Other Depository Under Financial Reorganization Agreement; Filing Receipt; Effect on Deposit Credit

27-1-20-7. Withdrawal From Deposit to Pledge for Loan; Effect; Redeposit

27-1-20-8. Deposits as a Condition of Doing Business; Definitions; Securities; Bank Deposits With Restricted Withdrawal Privileges

27-1-20-9. Substitution of Securities on Deposit; Withdrawal of Securities in Excess of Requirements

27-1-20-10. Disposition of Interest Earned by Securities on Deposit

27-1-20-11. Discontinuance of Business; Procedure for Return of Deposited Securities

27-1-20-12. Retaliatory Provisions

27-1-20-13. Fees of Secretary of State

27-1-20-14. Pension Plan for Officers and Employees

27-1-20-15. Automatic Revocation of Authority for Failure to Timely Complete Organization

27-1-20-16. Repealed

27-1-20-17. Repealed

27-1-20-18. Repealed

27-1-20-19. Misrepresentation of Funds Available to Pay Losses or Policy Claims

27-1-20-20. Financial Statement; Requirements; Violations; Penalties

27-1-20-21. Annual Financial Statement; Microfilm Copies

27-1-20-21.1. Repealed

27-1-20-21.2. Civil Penalty; Failure to Comply With Ic 27-1-20-21

27-1-20-21.3. Actuarial Opinions

27-1-20-22. Verification of Accounts and Reports

27-1-20-23. Remedies of Receivership Exclusive With Department; Exception in Favor of Judgment Creditor

27-1-20-24. Repealed

27-1-20-25. Organization of New Companies on Lloyds or Assessment Plan Prohibited; Surplus Requirement for Reciprocal Plan

27-1-20-26. Exemption From Article of a Farm Mutual Insurance Company

27-1-20-27. Exemption of Domestic Mutual Fire Insurance Companies

27-1-20-28. Repealed

27-1-20-29. Exemption of Abstract and Title Insurance Companies

27-1-20-30. Rebate of Premium or Commission; Unfair Competition

27-1-20-31. Restrictions on Interlocking Directorates

27-1-20-32. Effect of Captions

27-1-20-33. Annual Statement Blank, Additional Filings and Quarterly Statements; Filings With Naic

27-1-20-34. Repealed

27-1-20-35. Insurer Response to Department Request

27-1-20-36. Health Insurer Withdrawal From Individual Market