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IC 27-8-3 – Mutual Life and Accident─Formation | Midpage
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Indiana Code
Title 27
8
Chapter 3
IC 27-8-3
Mutual Life and Accident─Formation
1
Authority to incorporate; purposes; articles of incorporation; initial applications; approval and filing documents; license
2
Corporate powers
3
Directors, trustees, or managers
4
Determination of fee rates and amount of premiums, assessments, or periodical calls; risks
5
Reincorporation of domestic assessment plan companies; exceptions
6
Application of chapter to assessment plan companies; exceptions
7
Accumulation of reserve or emergency fund; investment; additional funds; use of excess
8
Assignment of policy to person without insurable interest void
9
Annual report; failure to file report and pay fees; suspension from doing business
10
Accident insurance business on assessment plan
11
Reserve emergency fund
12
Report of affairs and operations; suspension for failure to file
13
Authority to deposit securities; investment of reserve funds
14
Specification of amount payable upon particular contingency; obligation for payment; suspension of right to issue new policies until payment made
15
Transfer or reinsurance of risks; approval; notice of preference for transfer to different corporation
16
Examination at request of corporation; certificate of results; expense
17
Visitation and inspection; insolvency or improper business practices; report; order to show cause for termination of business
18
Attorney general; exclusive power to apply for accounting, injunction, or receivership
19
Foreign corporations; requirements for authority to do business; revocation of authority; retaliation clause
20
Foreign corporations; service of process
21
Fraudulent representations; offenses
22
Eligible beneficiaries; change of beneficiary
23
Exemption of benefits and premiums from judicial process
24
Violations; revocation of power to do business
25
Fees
26
Exempt organizations
27
Legal reserves; compulsory deposits; filing of forms; exceptions