Sec. 12. Upon the issuance of the permit for completion of organization by the department, the corporate existence shall begin, and thereupon such incorporators and their associates shall become a body corporate with power to sue and be sued, contract and be contracted with, adopt a seal, and do such other acts, subject to the provisions and to the restrictions of this article, as shall be needful to accomplish the purpose of completing its organization, provided, that such company shall not issue policies or enter into contracts of insurance until it shall have received the certificate of the department authorizing it so to do.
Formerly: Acts 1935, c.162, s.72. As amended by P.L.252-1985, SEC.22.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 6. Formation of Domestic Companies
27-1-6-1. Authority to Incorporate; Excluded Kinds of Insurance
27-1-6-2. Applicable Rights, Powers, Privileges, Duties, Obligations, and Liabilities
27-1-6-3. Names; Required and Prohibited Words; Similarity of Names; Change of Name
27-1-6-4. Articles of Incorporation; Contents
27-1-6-5. Publication of Notice of Intention to Organize
27-1-6-6. Articles of Incorporation; Form; Execution
27-1-6-7. Articles of Incorporation; Submission to Department; Proof of Publication
27-1-6-8. Articles of Incorporation; Approval or Disapproval by Department
27-1-6-9. Articles of Incorporation; Submission to Attorney General
27-1-6-10. Articles of Incorporation; Submission to Secretary of State; Filing
27-1-6-12. Commencement of Corporate Existence; Powers
27-1-6-13. Requirements for Commencing Business or Incurring Indebtedness; Liability for Violations
27-1-6-14. Stock Companies; Capital Stock and Surplus Requirements
27-1-6-15. Mutual Companies; Initial Subscriptions and Premiums; Deposits; Surplus
27-1-6-16. Extension of Charter Powers and Licenses; Limitation of Actions
27-1-6-18. Certificate of Authority; Issuance; Recording