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Chapter 1. General Provisions
27-9-1-1. Applicability of Article - Sec. 1. Proceedings under this article apply to the following:...
27-9-1-2. Definitions - Sec. 2. As used in IC 27-9: (a) "Ancillary state"...
27-9-1-3. Jurisdiction of Court and Commissioner; Actions by Receivers; Place of Action - Sec. 3. (a) A delinquency proceeding under this chapter may...
27-9-1-3.5. Change of Judge or Venue From Marion County Circuit Court in Actions Against Receiver - Sec. 3.5. Notwithstanding the Indiana rules of trial procedure or...
27-9-1-4. Restraining Orders and Injunctions - Sec. 4. (a) A receiver appointed in a proceeding under...
27-9-1-5. Cooperation of Insurer With Commissioner - Sec. 5. (a) An officer, manager, director, trustee, owner, employee,...
27-9-1-6. Bonds of Commissioner and Deputies - Sec. 6. In any proceeding under IC 27-9, the commissioner...
Chapter 2. Summary Proceedings
27-9-2-1. Practices or Condition of Domestic Insurers Requiring Control or Supervision - Sec. 1. (a) Whenever the commissioner has reasonable cause to...
27-9-2-2. Petition; Orders - Sec. 2. (a) The commissioner may file in the Marion...
27-9-2-3. Confidential Nature of Records and Documents - Sec. 3. In all proceedings and judicial reviews of those...
Chapter 3. Formal Proceedings
27-9-3-0.1. Application of Certain Amendments to Chapter - Sec. 0.1. The amendments made to section 40 of this...
27-9-3-1. Petition to Rehabilitate Insurer - Sec. 1. The commissioner may apply by petition to the...
27-9-3-2. Order to Rehabilitate Insurer - Sec. 2. (a) An order to rehabilitate the business of...
27-9-3-3. Rehabilitator; Personnel; Term; Compensation; Powers; Plan - Sec. 3. (a) The commissioner, as rehabilitator, may appoint one...
27-9-3-4. Pending Actions; Protection of Insurer After Rehabilitation Order - Sec. 4. (a) Any court in Indiana before which any...
27-9-3-5. Petition for Liquidation; Termination of Rehabilitation - Sec. 5. (a) Whenever the commissioner believes further attempts to...
27-9-3-6. Basis for Liquidation - Sec. 6. The commissioner may petition the Marion County circuit...
27-9-3-7. Order to Liquidate; Content; Effect; Declaration of Insolvency; Accounting - Sec. 7. (a) An order to liquidate the business of...
27-9-3-8. Termination of Insurance Coverage - Sec. 8. (a) All policies, other than life or health...
27-9-3-9. Dissolution of Corporate Existence; Authorized Acts of Liquidator - Sec. 9. (a) The commissioner may petition for an order...
27-9-3-10. Notice of Liquidation by Liquidator - Sec. 10. (a) Unless the Marion County circuit court otherwise...
27-9-3-11. Notice of Liquidation by Insurance Producers to Policyholders - Sec. 11. (a) Every person who receives notice in the...
27-9-3-12. Actions After Liquidation Orders - Sec. 12. (a) Upon issuance of an order appointing a...
27-9-3-13. Listing of Assets - Sec. 13. (a) As soon as practicable after the liquidation...
27-9-3-14. Transfers Made or Obligations Incurred as Fraudulent - Sec. 14. (a) Every transfer made, or suffered, and every...
27-9-3-15. Transfers After Petition; Validity - Sec. 15. (a) After a petition for rehabilitation or liquidation...
27-9-3-16. Preferences - Sec. 16. (a) A preference is a transfer of any...
27-9-3-17. Transfers; Time Perfected - Sec. 17. (a) A transfer of property other than real...
27-9-3-18. Liens - Sec. 18. (a) A lien obtainable by legal or equitable...
27-9-3-19. Transfers on Account of New and Contemporaneous Consideration - Sec. 19. A transfer of property for or on account...
27-9-3-20. Liens Dissolved by Furnishing Bond; Effect of Voidable Lien - Sec. 20. If any lien that is voidable under section...
27-9-3-21. Discharge From Voidable Lien - Sec. 21. The property affected by any lien considered voidable...
27-9-3-22. Jurisdiction of Marion County Circuit Court Under This Chapter - Sec. 22. The Marion County circuit court has summary jurisdiction...
27-9-3-23. Discharge of Surety Under Releasing Bond - Sec. 23. The liability of a surety under a releasing...
27-9-3-24. Extension of Unsecured Credit by Preferred Creditor - Sec. 24. If a creditor has been preferred, and afterward...
27-9-3-25. Payment to Attorney for Services - Sec. 25. If an insurer shall, directly or indirectly: (1)...
27-9-3-26. Personal Liability Relating to Improper Preferences - Sec. 26. (a) Every officer, manager, employee, shareholder, member, subscriber,...
27-9-3-27. Claims by Creditors Holding Voidable Preferences - Sec. 27. (a) Claims of a creditor who has received...
27-9-3-28. Setoff of Mutual Debts or Credits - Sec. 28. (a) Mutual debts or mutual credits between the...
27-9-3-29. Liquidator's Report; Assessment of Members - Sec. 29. (a) As soon as practicable but not more...
27-9-3-30. Repealed - As added by Acts 1979, P.L.255, SEC.1. Repealed by P.L.233-1999,...
27-9-3-30.1. Reinsurance; Method of Payment Upon Liquidation - Sec. 30.1. (a) Reinsurance must be payable under a contract...
27-9-3-31. Liability for Payment of Premiums by Insured and Person Other Than Insured; Penalties - Sec. 31. (a) An insurance producer, a broker, an agency,...
27-9-3-32. Proposal to Disburse Assets - Sec. 32. (a) Within one hundred twenty (120) days of...
27-9-3-33. Filing Proof of Claims - Sec. 33. (a) Proof of all claims must be filed...
27-9-3-34. Content of Proof of Claim - Sec. 34. (a) Proof of a claim shall consist of...
27-9-3-34.5. Administration of Large Deductible Worker's Compensation Policy - Sec. 34.5. (a) This section: (1) applies to a worker's...
27-9-3-35. Claims Subject to Contingencies - Sec. 35. (a) The claim of a third party that...
27-9-3-36. Claims by Insured or by Third Party - Sec. 36. (a) Whenever a third party asserts a cause...
27-9-3-37. Denial of Claim; Objections; Hearing - Sec. 37. (a) When a claim is denied in whole...
27-9-3-38. Claims in Name of Secured Creditors - Sec. 38. Whenever a creditor whose claim against an insurer...
27-9-3-39. Valuation of Security Held by Secured Creditor - Sec. 39. (a) The value of any security held by...
27-9-3-40. Priority of Distribution of Claims - Sec. 40. (a) The priority of distribution of claims from...
27-9-3-40.5. Segregated Investment Accounts - Sec. 40.5. (a) A claim under a contract that is...
27-9-3-41. Settlement of Claims; Report of Unresolved Claims; Action of Court on Report - Sec. 41. (a) The liquidator shall review all claims duly...
27-9-3-42. Payment of Distributions - Sec. 42. Under the direction of the Marion County circuit...
27-9-3-43. Deposit of Unclaimed Funds - Sec. 43. (a) All unclaimed funds subject to distribution remaining...
27-9-3-44. Discharge of Liquidator - Sec. 44. (a) When all assets justifying the expense of...
27-9-3-45. Reopening of Proceedings - Sec. 45. After the liquidation proceeding has been terminated and...
27-9-3-46. Destruction of Records - Sec. 46. Whenever it appears to the commissioner that the...
27-9-3-47. Audit of Books of Commissioner Relating to Receivership - Sec. 47. The Marion County circuit court may, as the...
Chapter 3.1. Treatment of Certain Agreements
27-9-3.1-1. "Actual Direct Compensatory Damages" - Sec. 1. (a) As used in this chapter, "actual direct...
27-9-3.1-2. "Business Day" - Sec. 2. As used in this chapter, "business day" means...
27-9-3.1-3. "Commodity Contract" - Sec. 3. As used in this chapter, "commodity contract" means...
27-9-3.1-4. "Contractual Right" - Sec. 4. As used in this chapter, "contractual right" includes...
27-9-3.1-5. "Forward Contract" - Sec. 5. As used in this chapter, "forward contract" has...
27-9-3.1-6. "Netting Agreement" - Sec. 6. (a) As used in this chapter, "netting agreement"...
27-9-3.1-7. "Qualified Financial Contract" - Sec. 7. As used in this chapter, "qualified financial contract"...
27-9-3.1-8. "Repurchase Agreement" - Sec. 8. As used in this chapter, "repurchase agreement" has...
27-9-3.1-9. "Securities Contract" - Sec. 9. As used in this chapter, "securities contract" has...
27-9-3.1-10. "Swap Agreement" - Sec. 10. As used in this chapter, "swap agreement" has...
27-9-3.1-11. "Walkaway Clause" - Sec. 11. As used in this chapter, "walkaway clause" means...
27-9-3.1-12. Rights - Sec. 12. Notwithstanding any other provision of this title to...
27-9-3.1-13. Damages - Sec. 13. (a) If a counterparty to a netting agreement...
27-9-3.1-14. Transfer of Amounts With Receiver - Sec. 14. (a) Notwithstanding a walkaway clause in a netting...
27-9-3.1-15. Transfers by Receiver - Sec. 15. In making a transfer of a netting agreement...
27-9-3.1-16. Notice to Parties of Transfer - Sec. 16. If an insurer's receiver makes a transfer of...
27-9-3.1-17. Avoidance of Transfer by Receiver - Sec. 17. Notwithstanding IC 27-9-3 and this chapter, a receiver...
27-9-3.1-18. Receiver's Right of Disaffirmance or Repudiation - Sec. 18. In exercising a receiver's right of disaffirmance or...
27-9-3.1-19. Claim Arising From Disaffirmance or Repudiation - Sec. 19. (a) Notwithstanding IC 27-9-3 and this chapter, a...
27-9-3.1-20. Application of Counterparty Rights - Sec. 20. All rights of counterparties under this chapter apply...
Chapter 4. Interstate Relations
27-9-4-1. Conservators for Alien or Foreign Insurers; Grounds for Appointment; Procedure; Order; Termination - Sec. 1. (a) If a domiciliary liquidator has not been...
27-9-4-2. Liquidation of Assets of Foreign or Alien Insurer; Grounds; Procedure; Order; Domiciliary Proceedings; Federal Court Proceedings; Payment of Claims - Sec. 2. (a) If no domiciliary receiver has been appointed,...
27-9-4-3. Insurers Domiciled in Reciprocal States; Title to Property in Indiana; Filing of Claims by Indiana Residents - Sec. 3. (a) The domiciliary liquidator of an insurer domiciled...
27-9-4-4. Ancillary State Receivers - Sec. 4. (a) If a domiciliary liquidator has been appointed...
27-9-4-5. Summary Proceedings at Request of Officials of Domiciliary States - Sec. 5. The commissioner in his sole discretion may institute...
27-9-4-6. Claims by Residents of Other States - Sec. 6. (a) In a liquidation proceeding begun in Indiana...
27-9-4-7. Claims by Residents in Proceeding in Other States or in Ancillary Proceedings in Indiana - Sec. 7. (a) In a liquidation proceeding in a reciprocal...
27-9-4-8. Attachment, Garnishment, or Levy of Execution - Sec. 8. During the pendency in this or any other...
27-9-4-9. Proceedings Involving Reciprocal States, Orders of Distribution, and Priority of Claims; Special Deposit Claims; Secured Claims - Sec. 9. (a) In a liquidation proceeding in Indiana involving...
27-9-4-10. Failure by Ancillary Receiver to Transfer Assets - Sec. 10. If an ancillary receiver in another state or...