Sec. 16. When, in the auditor's opinion, such corporation or association is in this state conducting its business fraudulently, or is not carrying out its contracts with members residing in this state, in good faith, he shall report the same to the attorney-general, who shall thereupon commence proceedings by writ of quo warranto against such corporation or association, requiring it to show cause why its license to do business in this state should not be revoked.
Formerly: Acts 1883, c.136, s.16.
Structure Indiana Code
Article 8. Life, Accident, and Health
Chapter 1. Life Insurance─assessment Plan
27-8-1-1. Authority to Incorporate
27-8-1-2. Corporate Status and Powers
27-8-1-3. Name; Approval; Misleading Similarity
27-8-1-4. Statement of Initial Applications and Deposit of First Assessment
27-8-1-5. Assessment; Statement of Object
27-8-1-6. Exemption of Certificates From Valuation; Insurable Interest
27-8-1-7. Restriction on Kinds of Certificates; Expenses; Segregation of Expense and Mortuary Funds
27-8-1-8. Annual Statement; Examination
27-8-1-10. Quo Warranto to Remove Officers or Close Business
27-8-1-11. Bonds of Officers and Agents
27-8-1-12. Examination of Sufficiency of Treasurer's Bond
27-8-1-13. Qualification of Foreign Corporation
27-8-1-14. Retaliatory Provision
27-8-1-16. Foreign Corporations; Fraudulent Practices; Quo Warranto to Revoke License