Indiana Code
Chapter 3. Abstract and Title Insurance
27-7-3-14. Annual Financial Statement; Effect of Certification by Certified Public Accountant

Sec. 14. (a) Every such company doing business in this state shall file with the department on or before March 15 in each year a financial statement for the year ending December 31 immediately preceding on forms furnished by the department. Such statement shall include a showing that the sum of ten percent (10%) of all actual premiums received by such company, on account of such title insurance business, during the year ending on December 31 prior thereto, as required by section 9 of this chapter, has been duly set apart and is held by such company in said title insurance reserve fund or is held on deposit by the department as provided in section 9 of this chapter. Such statement shall be verified by the oaths of the president or a vice president and the secretary or an assistant secretary.
(b) If the annual statement, as required by this section, shall be certified to by a certified public accountant, then such statement shall be prima facie evidence of the facts stated therein, and the department may in its discretion accept such certified statements in lieu of an examination under this chapter.
Formerly: Acts 1937, c.104, s.14. As amended by P.L.252-1985, SEC.259.

Structure Indiana Code

Indiana Code

Title 27. Insurance

Article 7. Special Types of Insurance

Chapter 3. Abstract and Title Insurance

27-7-3-1. Citation

27-7-3-2. Definitions

27-7-3-3. Title Insurance Business; Authorization of Domestic and Foreign Corporations; Application of Business Corporation Law

27-7-3-3.5. Requirements Applicable to Issuers of Title Insurance

27-7-3-4. Corporate Rights; Powers and Privileges

27-7-3-5. Capital Stock

27-7-3-6. Certificate of Authority; Requirements; Issuance; Necessity to Do Business

27-7-3-7. Deposits; Title Insurance Fund

27-7-3-8. Additional Deposit to Meet Requirements of Another State; Withdrawal

27-7-3-9. Title Insurance Reserve Fund

27-7-3-10. Deficiency in Title Insurance Reserve Fund

27-7-3-11. Interest on Deposited Securities

27-7-3-12. Foreign Corporations; Capital and Deposit Requirements; Certificate of Authority; Rights and Privileges

27-7-3-13. Examination of Company; Appointment of Examiners; Report of Examination

27-7-3-14. Annual Financial Statement; Effect of Certification by Certified Public Accountant

27-7-3-15. Collection of Charges, Fees, and Taxes; Disposition

27-7-3-15.5. Mortgage Transactions and Real Estate Transactions; Electronic Storage of Data on Persons Involved; Closing Agents to Input Data and Submit Form; Duty to Provide Information; Failure to Comply; Civil Penalty; Access to Data; Rules; Admin...

27-7-3-16. Retirement or Withdrawal From Business; Reinsurance; Cancellation of Certificate of Authority; Return of Deposit

27-7-3-17. Violations

27-7-3-18. Exemptions From Chapter

27-7-3-19. Construction of Chapter

27-7-3-20. Limitation on Risks

27-7-3-21. Requirement of Title Search

27-7-3-22. Closing Protection Letter; Fee