Ind. Code § 27-1-3-4
Business practices of insurance companies
As amended by P.L.252-1985, SEC.6.
Every insurance company to which this article is applicable:
- (1) shall conduct and transact its business in a safe and prudent manner;
- (2) shall maintain such company in a safe and solvent condition; and
- (3) shall establish and maintain safe and sound methods for the conduct of such insurance company and its business and prudential affairs.
As amended by P.L.252-1985, SEC.6.