Sec. 4. (a) The commissioner or any person the commissioner may appoint may examine any domestic, foreign, or alien society transacting or applying for admission to transact business in Indiana in the same manner as authorized for examination of domestic, foreign, or alien insurers. Requirements of notice and an opportunity to respond before findings are made public as provided in the laws regulating insurers shall also be applicable to the examination of societies.
(b) The expense of each examination and of each valuation, including compensation and actual expense of examiners, shall be paid by the society examined or whose certificates are valued, upon statements furnished by the commissioner.
As added by P.L.262-1985, SEC.1.
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