Title 27, INSURANCE

Sec. 7. An extended company shall make investments in accordance with IC 27-1-13-3. As added by P.L.129-2003, SEC.8.

Sec. 8. (a) An extended company shall, not later than March 1, prepare and file with the commissioner an annual statement: (1) that is on a form prescribed by the commissioner; (2) that is verified by an affidavit of the: (A) president; and (B) secretary; of the board of director…

Sec. 1. Not more than sixty (60) days after the filing of a plan of reorganization that: (1) is complete; and (2) does not include a plan to issue stock; the commissioner shall approve the plan without holding a hearing unless the commissioner concludes that one (1) or more of th…

Sec. 10. (a) Except as otherwise provided in this article and subject to subsection (b), the amendment of the articles of incorporation of a mutual insurance company under a plan under this article must be conducted in compliance with IC 27-1-8. (b) The commissioner, the attorney…

Sec. 11. (a) Before the commissioner issues a permit for completion of organization of the mutual insurance holding company and a certificate of authority for the reorganized insurer under subsection (b), the commissioner must: (1) issue notice to the applicant that the commissio…

Sec. 12. (a) A plan of reorganization is effective when: (1) the commissioner has issued the permit for completion of organization of the mutual insurance holding company; and (2) the certificate of authority for the reorganized insurer has been: (A) issued by the commissioner un…

Sec. 13. The commissioner may, at the applicant's expense, hire attorneys, actuaries, accountants, investment bankers, and other experts as may be reasonably necessary to assist the commissioner in reviewing an application. As added by P.L.226-2023, SEC.30.

Sec. 2. Not more than sixty (60) days after: (1) the filing of a plan of reorganization that: (A) is complete; and (B) includes a plan to issue stock; or (2) the filing of an application with respect to a plan to issue stock that is: (A) complete; and (B) filed sometime after the…

Sec. 3. (a) If the commissioner deems that a public hearing or public comment period is necessary, the commissioner shall provide written notice of a hearing or comment period held under this chapter at least thirty (30) days before the hearing or sixty (60) days before the end o…

Sec. 4. At a hearing held under this chapter: (1) any interested person may appear; (2) any interested person may: (A) file a written statement; or (B) make an oral presentation; and (3) at the discretion of the commissioner or the commissioner's appointee, testimony may be taken…

Sec. 5. The commissioner shall approve or disapprove any plan submitted under this article on or before the later of: (1) thirty (30) days after a hearing or comment period held under this chapter; or (2) thirty (30) days after the commissioner accepts the application relating to…

Sec. 6. The commissioner shall approve a plan submitted under this article unless the commissioner makes at least one (1) of the following findings with respect to the plan: (1) Disapproval of the plan is necessary to prevent practices that will cause material financial impairmen…

Sec. 7. (a) The commissioner shall transmit to the applicant any order approving or disapproving a plan submitted under this article. (b) If the commissioner disapproves a plan, the commissioner shall provide the applicant with a written statement detailing: (1) the reasons for; …

Sec. 8. The approval by the commissioner of a plan to issue stock expires one hundred eighty (180) days after the date of approval, except as otherwise provided by an order of the commissioner. As added by P.L.226-2023, SEC.30.

Sec. 9. Except as otherwise provided in this article, the organization of a mutual insurance holding company under a plan under this article must be conducted in compliance with the provisions of IC 27-1-6 concerning the formation of domestic insurance companies. As added by P.L.…

Sec. 1. A company, including a foreign or alien company authorized to transact business in Indiana, may make all or any one (1) or more of the kinds of insurance and reinsurance comprised in any one (1) of the following classes, subject to the provisions of IC 27-1. However, insu…

Sec. 2. Notwithstanding any other provisions of this article, any company which has established or establishes on or after March 8, 1935, a segregated investment account of assets as authorized in Class 1(c) of section 1 of this chapter may provide that such segregated investment…

Sec. 3. "Property" and "property interests", as used in section 1 of this chapter, shall include real and personal property, chattels real, currency, coin, bank notes, bullion, postage or revenue stamps, express, postal, pension or bank money orders, bonds, debentures, checks, co…

Sec. 1. (a) As used in this section, "premium" includes any deposit or contribution. (b) No person entitled to receive benefits under a life insurance or life annuity contract, or under a written agreement supplemental thereto, issued by domestic life insurance company, shall be …

Sec. 1. The purpose of this chapter is to subject certain insurers to the jurisdiction of the insurance commissioner and the courts of this state in suits by or on behalf of the state. The general assembly declares that it is concerned with the protection of residents of this sta…

Sec. 2. (a) It is a Class A infraction for an insurer to transact insurance business in this state, as set forth in subsection (b), without a certificate of authority from the commissioner. However, this section does not apply to the following: (1) The lawful transaction of surpl…

Sec. 3. Whenever the commissioner believes, from evidence satisfactory to the commissioner, that any insurer is violating or about to violate the provisions of section 2 of this chapter, the commissioner may cause a complaint to be filed in the circuit or superior court to enjoin…

Sec. 4. (a) Any act of transacting an insurance business as set forth in section 2 of this chapter by any unauthorized insurer is equivalent to and shall constitute an irrevocable appointment by such insurer, binding upon him, his executor or administrator, or successor in intere…

Sec. 5. (a) Before any unauthorized insurer files or causes to be filed in any pleading in any court action, suit, or proceeding or in any notice, order, pleading, or process in such administrative proceeding before the commissioner instituted against such person or insurer, by s…

Sec. 6. (a) The attorney general upon request of the commissioner may proceed in the courts of this state or any reciprocal state to enforce an order or decision in any court proceeding or in any administrative proceeding before the commissioner of insurance. (b) The following de…

Sec. 8. This chapter may be cited as the Uniform Unauthorized Insurers Act. Formerly: Acts 1969, c.194, s.8. As amended by P.L.252-1985, SEC.169.

Sec. 0.1. The following amendments to this chapter apply as follows: (1) The amendments made to section 2 of this chapter by P.L.391-1987(ss) apply only to policies first issued after December 31, 1987. (2) Notwithstanding the effective date of P.L.124-2009, SECTION 1, the amendm…

Sec. 2. (a) Except as provided in subsections (d), (f), and (h), the insurer shall make available, in each automobile liability or motor vehicle liability policy of insurance which is delivered or issued for delivery in this state with respect to any motor vehicle registered or p…

Sec. 3. (a) Insurers shall additionally offer to provide uninsured motorist property damage coverage without any deductible amount and may offer uninsured motorist property damage coverage with a deductible of not more than the first three hundred dollars ($300.00) of property da…

Sec. 4. (a) For the purpose of this chapter, the term uninsured motor vehicle, subject to the terms and conditions of such coverage, means a motor vehicle without liability insurance or a motor vehicle not otherwise in compliance with the financial responsibility requirements of …

Sec. 5. (a) The policy or endorsement affording coverage specified in this chapter may provide that the total limit of all insurers' liability arising out of any one (1) accident shall not exceed the highest limits under any one (1) policy applicable to the loss, but in no event …

Sec. 6. (a) The policy or endorsement affording the coverage specified in this chapter may also provide that payment to any person of sums as damages under such coverage shall operate to subrogate the insurer to any cause of action in tort which such person may have against any o…

Sec. 0.1. The following amendments to this chapter apply as follows: (1) The amendments made to section 1 of this chapter by P.L.257-1985 apply to insurance policies issued after December 31, 1985. (2) The amendments made to section 21 of this chapter by P.L.98-1990 apply to a po…

Sec. 1. (a) The term "policy of accident and sickness insurance", as used in this chapter, includes any policy or contract covering one (1) or more of the kinds of insurance described in Class 1(b) or 2(a) of IC 27-1-5-1. Such policies may be on the individual basis under this se…

Sec. 1.5. (a) This section applies to a policy of accident and sickness insurance issued on an individual, a group, a franchise, or a blanket basis, including a policy issued by an assessment company or a fraternal benefit society. (b) As used in this section, "commissioner" refe…

Sec. 1.7. (a) This section applies to a policy of accident and sickness insurance issued on an individual, a group, a franchise, or a blanket basis, including a policy issued by an assessment company or a fraternal benefit society. (b) A filer under section 1.5 of this chapter sh…

Sec. 11. No policy of accident and sickness insurance on a franchise plan shall be delivered or issued for delivery to any person in this state unless it conforms to the definitions, limitations, requirements and standards in this section prescribed: (A) Qualified Groups. (1) Two…

Sec. 12. This chapter while independent in its enactment of any other statute, is nevertheless a supplement to IC 27-1 and shall be so considered and construed. Accordingly, all general provisions of IC 27-1 shall be fully and completely applicable to the sections of this chapter…

Sec. 13. Acts 1935, c.162, s.174 is hereby expressly repealed except as to policies issued before February 20, 1953, and except as to policies which under section 9 of this chapter continue to be issued under said section 174 prior to January 1, 1956. Formerly: Acts 1953, c.15, s…

Sec. 14. The provisions of sections 2 and 3 of this chapter shall not be applicable to fraternal benefit associations or societies. Formerly: Acts 1953, c.15, s.169.15; Acts 1957, c.20, s.1. As amended by P.L.252-1985, SEC.310.

Sec. 15. (a) No policy of blanket accident and sickness insurance shall be delivered or issued for delivery in this state unless it conforms to the requirements of this section. (1) A policy may be issued to any common carrier or to any operator, owner or lessee of a means of tra…

Sec. 15.5. (a) The following terms are defined for use in this section: "Alcohol abuse" has the meaning set forth in IC 12-7-2.1-17. "Community mental health center" has the meaning set forth in IC 12-7-2.1-77 and IC 12-7-2.1-78. "Division of mental health and addiction" refers t…

Sec. 15.6. (a) As used in this section, "coverage of services for a mental illness" includes the services defined under the policy of accident and sickness insurance. However, the term does not include services for the treatment of substance abuse or chemical dependency. (b) This…

Sec. 15.7. (a) The department shall exempt a policy or contract issued by an insurer or health maintenance organization under IC 5-10-8-9, section 15.6 of this chapter, or IC 27-13-7-14.8 by documenting to the department that compliance with the requirements of IC 5-10-8-9(c), se…

Sec. 15.8. (a) As used in this section, "treatment of a mental illness or substance abuse" means: (1) treatment for a mental illness, as defined in IC 12-7-2.1-226(1); and (2) treatment for drug abuse or alcohol abuse. (b) As used in this section, "act" refers to the Paul Wellsto…

Sec. 15.9. An insurer that issues a policy of accident and sickness insurance shall consider services provided to an individual while detained under IC 12-26-5 as medically necessary when provided in accordance with generally accepted clinical care guidelines. As added by P.L.205…