344 chapters · 3,652 sections in this title.
Ind. Code § 27-9-3-5 Petition for liquidation; termination of rehabilitation
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Sec. 5. (a) Whenever the commissioner believes further attempts to rehabilitate an insurer would substantially increase the risk of loss to creditors, policyholders, or the public, or would be futile, the commissioner may petition the Marion County circuit court for an order of l…
Ind. Code § 27-9-3-6 Basis for liquidation
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Sec. 6. The commissioner may petition the Marion County circuit court for an order directing him to liquidate a domestic insurer or an alien insurer domiciled in Indiana on the basis: (1) of any ground for an order of rehabilitation as specified in section 1 of this chapter, whet…
Ind. Code § 27-9-3-7 Order to liquidate; content; effect; declaration of insolvency; accounting
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Sec. 7. (a) An order to liquidate the business of a domestic insurer must: (1) Appoint the commissioner and his successors in office liquidator. (2) Direct the liquidator as soon as possible to take possession of the assets of the insurer and to administer them under the general …
Ind. Code § 27-9-3-8 Termination of insurance coverage
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Sec. 8. (a) All policies, other than life or health insurance or annuities, in effect at the time of issuance of an order of liquidation shall continue in force only for the lesser of: (1) a period of thirty (30) days from the date of entry of the liquidation order; (2) the expir…