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Chapter 1. Repealed - Repealed by P.L.260-1983, SEC.8.
Chapter 1.1. Reinsurance
27-6-1.1-1. Definitions - Sec. 1. As used in this chapter: "Accepting insurer" means...
27-6-1.1-2. Indemnity Reinsurance; Ceding Agreements - Sec. 2. (a) A domestic insurer may cede indemnity reinsurance...
27-6-1.1-3. Repealed - As added by P.L.260-1983, SEC.1. Repealed by P.L.116-1994, SEC.78.
27-6-1.1-4. Termination of Indemnity Reinsurance Transaction - Sec. 4. The commissioner may require the termination of any...
27-6-1.1-5. Assumption Reinsurance Agreement; Approval; Exemptions; Notice to Policyholders - Sec. 5. (a) A domestic insurer must file any proposed...
27-6-1.1-6. Application of Chapter - Sec. 6. This chapter does not apply to any of...
Chapter 2. Farmers' Mutual Insurance Companies─additional Reinsurance
27-6-2-1. Authorization - Sec. 1. Every farm mutual insurance company authorized on or...
27-6-2-2. Construction of Acts - Sec. 2. The rights and powers conferred in this chapter...
Chapter 3. Reciprocal Exchange May Reinsure
27-6-3-1. Authorization - Sec. 1. From and after April 1, 1963, any reciprocal...
Chapter 4. Reinsurance─effect on Worker's Compensation Insurers
27-6-4-1. Repealed - Formerly: Acts 1963, c.315, s.4. As amended by P.L.252-1985, SEC.214;...
Chapter 5. Repealed - Repealed by P.L.286-2019, SEC.2.
Chapter 6. Interinsurance
27-6-6-1. Subscribers; Authority to Exchange Reciprocal or Interinsurance Contracts; Title Insurance Exception - Sec. 1. Individuals, partnerships, limited liability companies, and corporations of...
27-6-6-2. Execution of Contracts; Attorneys; Location of Office of Attorney - Sec. 2. Such contracts may be executed by an attorney,...
27-6-6-3. Declaration of Subscribers - Sec. 3. Such subscribers so contracting among themselves shall, through...
27-6-6-4. Instrument Authorizing Service of Process on Subscriber's Agent; Procedure for Service - Sec. 4. (a) Concurrently with the filing of the declaration...
27-6-6-5. Statement of Maximum Amount of Single Fire Insurance Risk; Limitation on Amount Assumed - Sec. 5. There shall be filed with the department of...
27-6-6-6. Assets and Reserves - Sec. 6. There shall at all times be maintained as...
27-6-6-7. Annual Financial Report; Examination; Acceptance of Examination of Another State - Sec. 7. Such attorney shall, within the time limited for...
27-6-6-8. Right of Domestic Corporation to Exchange Contracts - Sec. 8. Any corporation organized under the laws of this...
27-6-6-9. Certificate of Authority - Sec. 9. Upon compliance with the requirements of this chapter,...
27-6-6-10. Violations - Sec. 10. An attorney who exchanges a contract of insurance...
27-6-6-11. Refusal, Suspension, or Revocation of Certificate of Authority - Sec. 11. In addition to the penalties in section 10...
27-6-6-12. Taxation - Sec. 12. In lieu of all other taxes, licenses or...
27-6-6-13. Terms Inserted in Policy; Conformity to State Law - Sec. 13. The attorney may insert in any form of...
27-6-6-14. Application of State Insurance Law - Sec. 14. Except as provided in this chapter, no law...
27-6-6-15. Loans or Advances; Purposes; Repayment; Approval; Interest Rate; Restrictions - Sec. 15. The attorney for the subscribers at a reciprocal...
Chapter 7. Lawsuits Concerning Interinsurance─procedure
27-6-7-1. Actions by or Against Attorney in Fact for Subscribers; Effect of Judgment - Sec. 1. All suits with reference to any matter or...
Chapter 8. Property and Casualty Insurance and Guaranty Association Law
27-6-8-0.1. Application of Certain Amendments to Chapter - Sec. 0.1. (a) The amendments made to sections 4 and...
27-6-8-1. Short Title - Sec. 1. (Short Title) This chapter may be cited as...
27-6-8-2. Purpose - Sec. 2. (Purpose) The purpose of this chapter is to...
27-6-8-3. Scope - Sec. 3. This chapter applies to all kinds of direct...
27-6-8-4. Definitions - Sec. 4. As used in this chapter, unless otherwise provided:...
27-6-8-5. Creation of the Association - Sec. 5. There is created a nonprofit unincorporated legal entity...
27-6-8-6. Board of Directors - Sec. 6. (a) The board of directors of the association...
27-6-8-7. Powers and Duties of the Association - Sec. 7. (a) The association shall do all of the...
27-6-8-8. Plan of Operation - Sec. 8. (a)(i) The association shall submit to the commissioner...
27-6-8-9. Powers and Duties of Commissioner - Sec. 9. (a) The commissioner shall: (i) Notify the association...
27-6-8-10. Effect of Paid Claims - Sec. 10. (Effect of Paid Claims) (a) Any person recovering...
27-6-8-11. Nonduplication of Recovery - Sec. 11. (a) For purposes of this section, "coverage provided...
27-6-8-11.5. High Net Worth Insureds; Financial Information - Sec. 11.5. (a) The association is not obligated to pay...
27-6-8-12. Prevention of Insolvencies - Sec. 12. To aid in the detection and prevention of...
27-6-8-13. Examination of the Association - Sec. 13. (Examination of the Association) The Association shall be...
27-6-8-14. Tax Exemption - Sec. 14. (Tax Exemption) The association shall be exempt from...
27-6-8-15. Recoupment of Assessments; Tax Credits - Sec. 15. (a) Member insurers, which during any preceding calendar...
27-6-8-16. Immunity - Sec. 16. (Immunity) There shall be no liability on the...
27-6-8-17. Stay of Proceedings; Reopening of Default Judgments - Sec. 17. (Stay of Proceedings; Reopening of Default Judgments) All...
27-6-8-18. Records of Insolvent Insurers; Access; Copies - Sec. 18. The liquidator, receiver, or statutory successor of an...
27-6-8-19. Advertising - Sec. 19. No person, including an insurer, insurance producer, or...
Chapter 9. Reinsurance Intermediaries
27-6-9-1. Actuary - Sec. 1. As used in this chapter, "actuary" means a...
27-6-9-2. Commissioner - Sec. 2. As used in this chapter, "commissioner" refers to...
27-6-9-3. Controlling Person - Sec. 3. As used in this chapter, "controlling person" means...
27-6-9-4. Insurer - Sec. 4. As used in this chapter, "insurer" means any...
27-6-9-5. Licensed Producer - Sec. 5. As used in this chapter, "licensed producer" means...
27-6-9-6. Reinsurance Intermediary - Sec. 6. As used in this chapter, "reinsurance intermediary" means:...
27-6-9-7. Reinsurance Intermediary-Broker - Sec. 7. As used in this chapter, "reinsurance intermediary-broker" or,...
27-6-9-8. Reinsurance Intermediary-Manager - Sec. 8. (a) As used in this chapter, "reinsurance intermediary-manager"...
27-6-9-9. Reinsurer - Sec. 9. As used in this chapter, "reinsurer" means any...
27-6-9-10. To Be in Violation - Sec. 10. As used in this chapter, "to be in...
27-6-9-11. "Qualified United States Financial Institution" - Sec. 11. As used in this chapter, "qualified United States...
27-6-9-12. Reinsurance Intermediary-Broker; Requirements - Sec. 12. No person, firm, association, or corporation may act...
27-6-9-13. Reinsurance Intermediary-Manager; Requirements - Sec. 13. No person, firm, association, or corporation may act...
27-6-9-14. Bond; Errors and Omissions Policy - Sec. 14. The commissioner may require a RM subject to...
27-6-9-15. Reinsurance Intermediary License; Issuance; Application; Authority to Act; Nonresidents - Sec. 15. (a) The commissioner may issue a reinsurance intermediary...
27-6-9-16. Refusal to Issue License; Conditions; Summary - Sec. 16. (a) The commissioner may refuse to issue a...
27-6-9-17. Attorneys; Exemptions - Sec. 17. Attorneys licensed to practice in Indiana, when acting...
27-6-9-18. Transactions Between Reinsurance Intermediary-Broker and Insurer; Written Authorization; Contents - Sec. 18. Transactions between a RB and the insurer it...
27-6-9-19. Record of Transactions; Contents; Insurer Access - Sec. 19. (a) For at least ten (10) years after...
27-6-9-20. Engagement of Services of Reinsurance Intermediary-Broker; Employment of an Individual Employed by an Rb; Financial Condition; Requirements - Sec. 20. (a) An insurer may not engage the services...
27-6-9-21. Transactions Between Reinsurance Intermediary-Manager and Reinsurer; Written Contract; Contents - Sec. 21. Transactions between a RM and the reinsurer it...
27-6-9-22. Binding of Retrocessions on Behalf of Reinsurers by Rm; Conditions; Reinsurance Syndicates; Appointment of Producers; Payment of Claims; Collection of Payment; Settlements; Employment of Reinsurer Employee; Sub-Rms - Sec. 22. (a) A RM may not bind retrocessions on...
27-6-9-23. Engagement of Services of a Reinsurance Intermediary-Manager; Statement of Financial Condition; Loss Reserves; Authority to Contract; Termination; Board of Directors - Sec. 23. (a) A reinsurer may not engage the services...
27-6-9-24. Examination by Commissioner; Access to Records - Sec. 24. (a) A reinsurance intermediary is subject to examination...
27-6-9-25. Violations; Penalties; Review; Effect on Third Parties - Sec. 25. (a) A reinsurance intermediary, insurer, or reinsurer found...
27-6-9-26. Rules for Implementation and Administration of Chapter - Sec. 26. The commissioner may adopt rules under IC 4-22-2...
Chapter 10. Repealed - Repealed by P.L.130-2020, SEC.11.
Chapter 10.1. Credit for Reinsurance
27-6-10.1-1. Purpose of Chapter - Sec. 1. (a) The purpose of this chapter is to...
27-6-10.1-2. Credit Allowed a Domestic Ceding Insurer - Sec. 2. Credit Allowed a Domestic Ceding Insurer. Credit for...
27-6-10.1-3. Reinsurance Ceded to an Assuming Insurer Not Meeting Statutory Requirements - Sec. 3. Asset or Reduction from Liability for Reinsurance Ceded...
27-6-10.1-4. "Qualified u.s. Financial Institution" - Sec. 4. Qualified U.S. Financial Institutions A. For purposes of...
27-6-10.1-5. Rules and Regulations - Sec. 5. Rules and Regulations. A. The insurance commissioner may...
27-6-10.1-6. Applicability of Chapter - Sec. 6. Reinsurance Agreements Affected. This chapter shall apply to...