Sec. 9. Upon compliance with the requirements of this chapter, the insurance department shall issue a certificate of authority or a license to the attorney authorizing him to make such contracts of insurance and shall contain the name of the attorney, the location of the principal office, and the name or the designation under which such contracts of insurance are issued. Such license shall be renewed annually, upon a showing that the standard of solvency required in this section has been maintained and all fees and taxes required have been paid; provided, no certificate of authority shall be issued under this section unless and until the subscribers and the attorney shall have complied with the same character and fitness qualifications, plan of operation, and standards for officers and directors as is required of stock and mutual insurance companies under this title.
Formerly: Acts 1919, c.102, s.9; Acts 1967, c.232, s.7. As amended by P.L.252-1985, SEC.219.
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