Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Chapter 1. Definitions
27-5.1-1-1. Application - Sec. 1. The definitions in this chapter apply throughout this...
27-5.1-1-2. "Assessment" - Sec. 2. "Assessment" means an amount or a policyholder's share...
27-5.1-1-3. "Certificate of Authority" - Sec. 3. "Certificate of authority" has the meaning set forth...
27-5.1-1-4. "Commissioner" - Sec. 4. "Commissioner" means the insurance commissioner appointed under IC...
27-5.1-1-5. "Department" - Sec. 5. "Department" means the department of insurance created by...
27-5.1-1-6. "Extended Company" - Sec. 6. "Extended company" means a farm mutual insurance company...
27-5.1-1-7. "Farm Mutual Insurance Company" - Sec. 7. "Farm mutual insurance company" means a company (as...
27-5.1-1-8. "First Class City" - Sec. 8. "First class city" refers to a first class...
27-5.1-1-9. "Initial Charge" - Sec. 9. "Initial charge" means a charge that is collected...
27-5.1-1-10. "Person" - Sec. 10. "Person" means an individual or a business entity....
27-5.1-1-11. "Policyholder" - Sec. 11. "Policyholder" means a person who is insured by...
27-5.1-1-12. "Policyholder Surplus" - Sec. 12. "Policyholder surplus" means the accumulated assets of a...
27-5.1-1-13. "Premium" - Sec. 13. "Premium" means money given in consideration to a...
27-5.1-1-14. "Premium Plus Assessment" - Sec. 14. "Premium plus assessment" refers to an insurance policy...
27-5.1-1-15. "Principal Office" - Sec. 15. "Principal office" means the primary office maintained by...
27-5.1-1-16. "Standard Company" - Sec. 16. "Standard company" means a farm mutual insurance company...
Chapter 2. Farm Mutual Insurance Companies
27-5.1-2-0.1. Application of Certain Amendments to Chapter - Sec. 0.1. The amendments made to section 8 of this...
27-5.1-2-1. Applicability - Sec. 1. This chapter applies to a farm mutual insurance...
27-5.1-2-2. Farm Mutual Insurance Companies Existing on June 30, 2003 - Sec. 2. (a) A farm mutual insurance company that holds...
27-5.1-2-3. Proposed Farm Mutual Insurance Companies; Application for Certificate of Authority - Sec. 3. (a) If a proposed farm mutual insurance company...
27-5.1-2-4. Proposed Farm Mutual Insurance Company Requirements for Certificate of Authority - Sec. 4. A farm mutual insurance company that is established...
27-5.1-2-5. Powers and Duties - Sec. 5. (a) A farm mutual insurance company has all...
27-5.1-2-6. Exclusion of Companies - Sec. 6. A farm mutual insurance company with an annual...
27-5.1-2-7. Exemption From Indiana Insurance Laws - Sec. 7. Except as provided in section 8 of this...
27-5.1-2-8. Application of Indiana Insurance Laws - Sec. 8. The following provisions apply to standard companies and...
27-5.1-2-9. Location of Insurance Business - Sec. 9. A farm mutual insurance company may engage in...
27-5.1-2-10. Annual Policyholder Meeting - Sec. 10. (a) A farm mutual insurance company shall hold...
27-5.1-2-11. Board of Directors - Sec. 11. (a) A farm mutual insurance company shall elect...
27-5.1-2-12. Election of Director; Term of Office; Election of Officers; Annual Board Meeting - Sec. 12. (a) Unless a farm mutual insurance company's articles...
27-5.1-2-13. Articles of Incorporation; Amendment - Sec. 13. (a) Unless a farm mutual insurance company's articles...
27-5.1-2-14. Bylaws; Amendment - Sec. 14. (a) Bylaws of a farm mutual insurance company...
27-5.1-2-15. Commissioner Filing Fee - Sec. 15. The commissioner may charge a farm mutual insurance...
27-5.1-2-16. Form and Rate Filing File and Use; Commissioner Disapproval; Judicial Review - Sec. 16. (a) A farm mutual insurance company may not...
27-5.1-2-17. Commissioner Examination - Sec. 17. (a) The commissioner may examine the affairs of...
27-5.1-2-18. Unsafe Business Practice; Insufficient Assets; Commissioner Notice; Remedies; Court Proceedings; Injunction; Liquidation - Sec. 18. (a) If the commissioner determines from: (1) a...
27-5.1-2-19. Application for Coverage; Policyholder Status - Sec. 19. (a) A person, including a person described in...
27-5.1-2-20. Insurance Producers - Sec. 20. A person that solicits or negotiates insurance on...
27-5.1-2-21. Merger; Plan; Policyholder Notice - Sec. 21. (a) Two (2) or more farm mutual insurance...
27-5.1-2-22. Merger Files; Commissioner Review; Notice and Hearing; Approval; Modification; Experts; Costs - Sec. 22. (a) Each farm mutual insurance company that decides...
27-5.1-2-23. Merger Plan Performance; Surviving Company - Sec. 23. (a) The commissioner may establish the time frame...
27-5.1-2-24. Certificate of Merger - Sec. 24. Upon the commissioner's issuance of a certificate of...
27-5.1-2-25. Notice of Contract to Manage or Control; Commissioner Determination; Managing General Agent - Sec. 25. (a) A person that intends to enter into...
27-5.1-2-26. Violations of Law; Commissioner Orders - Sec. 26. If the commissioner determines, after notice and a...
27-5.1-2-27. Judicial Review - Sec. 27. (a) A decision, a determination, or an order...
27-5.1-2-28. Willful Violation; Penalties - Sec. 28. If a farm mutual insurance company willfully violates...
27-5.1-2-29. Notice of Intent to Waive Term of Policy, Right, or Defense - Sec. 29. (a) A farm mutual insurance company may not...
27-5.1-2-30. Premium Plus Assessment Basis; Policyholder Liability - Sec. 30. (a) A policyholder of a farm mutual insurance...
27-5.1-2-31. Assessment Collection; Verification of Loss - Sec. 31. (a) A farm mutual insurance company shall collect...
27-5.1-2-32. Policyholder Failure to Pay Assessment - Sec. 32. (a) If a policyholder is assessed and fails...
27-5.1-2-33. Policyholder Liability After Policy Termination - Sec. 33. (a) A policyholder is not liable for an...
27-5.1-2-34. Notice of Premium Plus Assessment Policy; Civil Actions; Limitation - Sec. 34. (a) A premium plus assessment insurance policy must...
27-5.1-2-35. Payment of Losses and Judgments; Insufficient Funds; Assessments - Sec. 35. (a) A farm mutual insurance company that operates...
27-5.1-2-36. Borrowing Funds; Assessment - Sec. 36. (a) A farm mutual insurance company may borrow...
27-5.1-2-37. Policy Cancellation; Notice - Sec. 37. (a) A farm mutual insurance company may cancel,...
27-5.1-2-38. Discontinuation of Company - Sec. 38. A farm mutual insurance company may vote to...
27-5.1-2-39. Misconduct; Penalty - Sec. 39. A director, an officer, a member, an insurance...
27-5.1-2-40. Investment Gain; Policyholder Surplus - Sec. 40. This article does not prohibit a farm mutual...
27-5.1-2-41. Election to Be Subject to Indiana Insurance Law - Sec. 41. (a) A farm mutual insurance company may elect...
27-5.1-2-42. Exemption From Regulation - Sec. 42. A company or association organized before January 1,...
27-5.1-2-43. Administrative Rules - Sec. 43. The commissioner may adopt rules under IC 4-22-2...
27-5.1-2-44. Validity of Rate or Form Filed Under Prior Law - Sec. 44. A rate or form filed by a farm...
Chapter 3. Standard Farm Mutual Insurance Companies
27-5.1-3-1. Standard Company; Supplementation of Chapter; Limitation on Types of Insurance Provided - Sec. 1. (a) This chapter supplements the requirements set forth...
27-5.1-3-2. Powers; Kinds of Insurance Coverage - Sec. 2. A standard company that is issued a certificate...
27-5.1-3-3. Company Territory Expansion; Net Retention per Risk; Investments - Sec. 3. (a) A standard company may not insure property...
27-5.1-3-4. Policyholder Surplus; Reinsurance - Sec. 4. A standard company may issue an insurance policy...
27-5.1-3-5. Annual Statements - Sec. 5. (a) A standard company shall, not later than...
Chapter 4. Extended Farm Mutual Insurance Companies
27-5.1-4-1. Extended Company Requirements - Sec. 1. An extended company is subject to the requirements...
27-5.1-4-2. Companies Existing on June 30, 2003; Extended Company Election; Amended Certificate of Authority - Sec. 2. (a) A farm mutual insurance company that was...
27-5.1-4-3. Kinds of Insurance Coverage - Sec. 3. An extended company may: (1) insure the property...
27-5.1-4-4. Financial and Reinsurance Requirements - Sec. 4. An extended company shall comply with the following...
27-5.1-4-5. Collections Through Assessments and Premiums - Sec. 5. (a) An extended company: (1) may collect a...
27-5.1-4-6. Policyholder Surplus - Sec. 6. The following requirements apply to the policyholder surplus...
27-5.1-4-7. Investments - Sec. 7. An extended company shall make investments in accordance...
27-5.1-4-8. Annual Statement - Sec. 8. (a) An extended company shall, not later than...