Sec. 4. The incorporators shall execute articles of incorporation, not inconsistent with the provisions of this article, setting forth the following:
(a) The name of the proposed corporation.
(b) The post office address of its principal office.
(c) A precise and accurate statement of the purpose or purposes for which the company is organized, which shall be restricted to the kind or kinds of insurance comprised within one (1) of the classes of insurance specified in IC 27-1-5-1, and that it is organized under this article.
(d) The term for which it is to continue as a corporation, which may be perpetual.
(e) In the case of a stock company, the amount of its capital and the aggregate number of shares which the company shall have authority to issue and the par value thereof.
(f) The amount of paid-in capital with which the company will begin business.
(g) The plan or principle upon which the business is to be transacted.
(h) The name, occupation, and post office address of each of the incorporators.
(i) The names of the first officers and directors, their post office addresses, and their terms of office.
(j) Any other provisions, consistent with the laws of this state, for the regulation of the business and conduct of the affairs of the company and creating, defining, limiting, or regulating the powers of the company, of the directors, or of the shareholders or any class or classes of shareholders.
Formerly: Acts 1935, c.162, s.64. As amended by P.L.252-1985, SEC.17.
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