Sec. 3. The authority of all societies licensed may be renewed annually, but in all cases to terminate on April 30. However, a license shall continue in full force and effect until the new license is issued or specifically refused. For each license or renewal, the society shall pay the commissioner a fee of twenty-five dollars ($25). A duly certified copy or duplicate of the license is prima facie evidence that the licensee is a fraternal benefit society within the meaning of this article.
As added by P.L.262-1985, SEC.1. Amended by P.L.31-1988, SEC.25.
Structure Indiana Code
Article 11. Fraternal Benefit Societies
27-11-8-1. Standards for Valuation of Certificates; Maintenance of Excess Reserves on Certificates
27-11-8-2. Annual Financial Statement
27-11-8-3. Renewal of License; Fee
27-11-8-5. Requirements for Issuance of License to Transact Business in Indiana
27-11-8-7. Noncompliance by Foreign or Alien Society; Suspension, Revocation, or Refusal of License
27-11-8-8. Application or Petition for Injunction
27-11-8-9. Licensing of Insurance Producers of Societies
27-11-8-10. Unfair Competition; Unfair or Deceptive Acts or Practices