Sec. 3. (a) Any domestic corporation having:
(1) among its purposes the insuring against loss or damage on account of encumbrances upon or defects in the title to real estate; and
(2) a physical office in Indiana;
is hereby authorized to organize under IC 23-1, and any foreign corporation, having among its purposes the insuring against loss or damage on account of encumbrances upon or defects in the title to real estate, is hereby authorized to and may be admitted to do business in this state under IC 23-1. Any domestic or foreign corporation, organized or admitted to do business before or after June 7, 1937, as provided in this section, may engage in business as a title insurance company by complying with the provisions of this chapter.
(b) A domestic corporation admitted to do business as described in subsection (a) shall provide written notice to the department of insurance and all policyholders of a change in location of the domestic corporation's physical office in Indiana, including the address and telephone number of the new location.
Formerly: Acts 1937, c.104, s.3. As amended by P.L.252-1985, SEC.249; P.L.11-2011, SEC.28.
Structure Indiana Code
Article 7. Special Types of Insurance
Chapter 3. Abstract and Title Insurance
27-7-3-3.5. Requirements Applicable to Issuers of Title Insurance
27-7-3-4. Corporate Rights; Powers and Privileges
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
27-7-3-13. 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
27-7-3-18. Exemptions From Chapter
27-7-3-19. Construction of Chapter
27-7-3-20. Limitation on Risks