Sec. 3. The name of any company organized under this article shall contain the word "insurance" and the word "company," "corporation" or "incorporated," or shall end with an abbreviation of one of these words, except that the word "company" or the abbreviation "Co." may be used only if that word or abbreviation is not immediately preceded by the word "and," or any substitute therefor.
No company organized under this article shall:
(a) Use as a part of its corporate name the words "United States," "Federal," "government," "official," or any word that would imply that the company was an administrative agency of the state of Indiana or of the United States, or is subject to supervision of any department other than the department of insurance of the state of Indiana.
(b) Take or assume a corporate name the same as, or confusingly similar to, the name of any other insurance company then existing under the laws of this state or authorized to transact business in this state, unless at the same time (1) such other company shall change its corporate name or withdraw from transacting business in this state, and (2) the written consent of such company, signed and verified under oath by its secretary, shall be filed with the department.
Any company organized under this article may change its corporate name at any time by amending its articles of incorporation in the manner hereinafter provided. The provisions of this section shall not affect the right of any insurance company which is existing under the laws of this state on March 8, 1935, or of any such company which thereafter reorganizes or reincorporates under this article or of any company authorized to transact business in this state on March 8, 1935, to continue the use of its corporate name.
Formerly: Acts 1935, c.162, s.63. As amended by Acts 1977, P.L.281, SEC.3; P.L.1-2009, SEC.145.
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