Sec. 17. The compact dissolves effective on the date of the withdrawal or default of the compacting state that reduces membership in the compact to one (1) compacting state. Upon the dissolution of this compact, the compact is null and void and is of no further force or effect, and the business and affairs of the commission shall be wound up and any surplus funds shall be distributed in accordance with the bylaws.
As added by P.L.138-2005, SEC.3.
Structure Indiana Code
Article 8. Life, Accident, and Health
Chapter 31. Interstate Insurance Product Regulation Compact
27-8-31-3. Interstate Insurance Product Regulation Commission
27-8-31-5. Commission Members; Action; Bylaws
27-8-31-6. Management Committee; Legislative Committee; Liability
27-8-31-8. Rules; Uniform Standards; Opting Out; Judicial Review
27-8-31-10. Dispute Resolution
27-8-31-11. Product Filing and Approval
27-8-31-12. Disapproval; Appeal; Monitoring
27-8-31-13. Commission Finances
27-8-31-14. Effectiveness of Compact; Amendments
27-8-31-15. Withdrawal of Compacting State; Reinstatement
27-8-31-16. Default of Compacting State; Reinstatement
27-8-31-17. Dissolution of Compact
27-8-31-19. Effect on State Law
27-8-31-20. Commission Actions and Agreements; Effect on Compacting States; Constitutional Violation