Sec. 8. Any corporation organized under the laws of this state, shall, in addition to the rights, powers and franchises specified in its articles of incorporation, have full power and authority, as a subscriber, to exchange insurance contracts of the kind and character mentioned in this chapter. The right to exchange such contracts is declared to be incidental to the purposes for which such corporations are organized and as much granted as the rights and powers expressly conferred.
Formerly: Acts 1919, c.102, s.8. As amended by P.L.136-2018, SEC.181.
Structure Indiana Code
Article 6. Reinsurance; Interinsurance; Reciprocal Insurance
27-6-6-2. Execution of Contracts; Attorneys; Location of Office of Attorney
27-6-6-3. Declaration of Subscribers
27-6-6-4. Instrument Authorizing Service of Process on Subscriber's Agent; Procedure for Service
27-6-6-5. Statement of Maximum Amount of Single Fire Insurance Risk; Limitation on Amount Assumed
27-6-6-7. Annual Financial Report; Examination; Acceptance of Examination of Another State
27-6-6-8. Right of Domestic Corporation to Exchange Contracts
27-6-6-9. Certificate of Authority
27-6-6-11. Refusal, Suspension, or Revocation of Certificate of Authority
27-6-6-13. Terms Inserted in Policy; Conformity to State Law
27-6-6-14. Application of State Insurance Law
27-6-6-15. Loans or Advances; Purposes; Repayment; Approval; Interest Rate; Restrictions