Sec. 18. The provisions of this chapter shall in no way apply to any secret or fraternal society or lodge or association which, under the supervision of a grand or supreme lodge, secures membership through the lodge system exclusively, and provides insurance to its members, nor to insurance organizations of a purely benevolent character which pay no commission nor employ any paid insurance producer, organized under the laws of this or any other state.
Formerly: Acts 1883, c.136, s.18. As amended by P.L.252-1985, SEC.273; P.L.178-2003, SEC.58.
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