Sec. 2. Any domestic insurance company may, upon the approval of the commissioner, transfer its domicile from this state to any other state in which it is admitted to transact business. The commissioner shall approve the proposed transfer of domicile, unless he determines that the transfer is contrary to the best interests of the company's policyholders. If the commissioner does not approve the transfer, he shall give the company written notice of the refusal and the reasons for it within thirty (30) days after the date the request for transfer was made. If the request for transfer is granted, and the company is otherwise qualified, it may operate in this state as a foreign insurer without interruption in licensing.
As added by Acts 1980, P.L.170, SEC.1.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 6.5. Redomestication of Insurers
27-1-6.5-1. Foreign Insurers; Qualification as Domestic Insurer; Requirements
27-1-6.5-2. Domestic Insurers; Transfer of Domicile to Another State; Approval
27-1-6.5-4. Transfer of Domicile to Another State; Requisites
27-1-6.5-5. Transfer of Domicile to This or Another State; Effectiveness of Certificate of Authority