Sec. 19. No company doing business in this state or agent thereof shall state or represent by advertisement in any newspaper, periodical or magazine or by any sign, circular, card, policy of insurance or certificate of renewal thereof or otherwise that any funds or assets are in possession of such company which are not actually owned by it and available for the payment of losses and claims and held for the protection of its policyholders and creditors. Funds deposited by any company, under depository laws of this or other states, shall be considered as in the company's possession for the payment of losses or policy claims.
Formerly: Acts 1935, c.162, s.267.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 20. Additional Provisions Pertaining to All Insurance Companies
27-1-20-1. Insurance of Deposited Securities
27-1-20-3. 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
27-1-20-7. Withdrawal From Deposit to Pledge for Loan; Effect; Redeposit
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
27-1-20-19. 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
27-1-20-21.2. 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
27-1-20-26. Exemption From Article of a Farm Mutual Insurance Company
27-1-20-27. Exemption of Domestic Mutual Fire Insurance Companies
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
27-1-20-35. Insurer Response to Department Request
27-1-20-36. Health Insurer Withdrawal From Individual Market