Sec. 6. (a) Whenever any such company shall have shown to the department by a sworn statement, verified by the oaths of the president or a vice president and the secretary or an assistant secretary of the company and bearing the corporate seal of such company, that it has complied with all the requirements of this chapter necessary for beginning business and that it has deposited the amount as required in section 7 of this chapter, the commissioner shall issue a certificate of authority reciting that such company has complied with the provisions of this chapter and is authorized to insure against the loss or damage on account of encumbrances upon or defects in the title to real estate, which certificate shall expire as of midnight of April 30 of each calendar year. The certificate shall be issued under the seal of the department.
(b) No person, firm, partnership, corporation, association, or company shall transact any business of insuring against loss or damage on account of encumbrances upon or defects in the title to real estate until it or they shall have received a certificate of authority as provided for in this section.
Formerly: Acts 1937, c.104, s.6. As amended by P.L.252-1985, SEC.252.
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