Sec. 16. If the commissioner believes that the controlling producer or any other person has not materially complied with this chapter or any rule or order adopted under this chapter, after notice and opportunity to be heard, the commissioner may order the controlling producer to cease placing business with the controlled insurer.
As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers
27-1-35-1. Applicability of Law
27-1-35-3. "Captive Insurer" Defined
27-1-35-4. "Control" or "Controlled" Defined
27-1-35-5. "Controlled Insurer" Defined
27-1-35-6. "Controlling Producer" Defined
27-1-35-7. "Licensed Insurer" or "Insurer" Defined
27-1-35-9. Threshold Limit of Premiums
27-1-35-10. Exempt Transactions
27-1-35-11. Written Contract Requirement
27-1-35-13. Opinions of Independent Casualty Actuaries or Independent Loss Reserve Specialists
27-1-35-15. Notice of Relationship
27-1-35-16. Orders to Cease Placing Business
27-1-35-17. Civil Actions by Commissioner