IC 27-1-7 – General Corporate Powers and Responsibilities of Insurance Companies | Midpage

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Indiana Code

Chapter 7

IC 27-1-7

General Corporate Powers and Responsibilities of Insurance Companies

1"Corporation" defined 2Capacity and authority to act; general rights, privileges, and powers; excluded powers 3Principal office; change of location 4Shares of stock; classes; sale for less than par; shareholders' liability; preemptive rights 5Stock certificate; contents; transferability 6Bylaws 7Meetings of shareholders, members, or policyholders; location; annual meeting; special meetings; notice; quorum; actions taken without meeting 8Voting rights of shareholders; shares that cannot be voted; voting by particular shareholders; proxy votes 9Voting rights of policyholders and members; proxy votes 9.5Shareholders' derivative proceedings; procedure 10Board of directors; general provisions; management of business; executive committee; removal of directors 11Citizenship and residence qualifications of directors 12Directors; attendance record and report; record of communications; annual examination and report of condition 12.5Directors; good faith discharge of duties; liability; conflict of interest; authorization of unlawful payments to shareholders 13Officers; secretary; duties; resignation; removal; contract rights 14Bonding officers having access to money or securities; blanket bond 15Loans to or borrowing by directors or officers; offense; exceptions 16Books and records to be kept at principal office 17Restrictions on dividend payments 18Repealed 19Mutual or stock companies; borrowing for surplus funds 20Authority of corporations, boards, and associations to insure with mutual insurance company 21Mutual companies; statement of maximum premium in policy; limitation of liability for single risk; reinsurance requirements 22Vouchers for disbursements 23Annual or other required statements; material false statement