reglab/housing_qa huggingface dataset:
IN Code § 27-1-38-10 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 38. Regulation of Depository Institutions|27-1-38-10. Acknowledgment of Receipt of Required Disclosure

Sec. 10. (a) A depository institution that solicits, sells, advertises, or offers insurance, a depository institution's affiliate that solicits, sells, advertises, or offers insurance, or a person that sells, solicits, advertises, or offers insurance on behalf of a depository institution shall obtain from a customer to whom a disclosure is made under section 9 of this chapter a written acknowledgment of receipt of the disclosure:(1) when the customer receives the disclosure; or(2) at the time of the initial purchase of the insurance.(b) If a solicitation for insurance is conducted by telephone, the depository institution, the affiliate of a depository institution, or the person that sells, solicits, advertises, or offers insurance on behalf of a depository institution shall:(1) obtain an oral acknowledgment of receipt of the disclosure;(2) maintain documentation to show that the acknowledgment was given by the customer; and(3) make reasonable efforts to obtain a written acknowledgment from the customer.As added by P.L.130-2002, SEC.2.
IN Code § 27-1-38-11 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 38. Regulation of Depository Institutions|27-1-38-11. Requirements for Electronic Disclosure

Sec. 11. If:(1) a customer consents to receive the disclosure required under section 8 of this chapter electronically; and(2) the disclosure is provided to the customer in a format that the customer may retain or obtain at a later time;the depository institution, the affiliate of a depository institution, or the person that sells, solicits, advertises, or offers insurance on behalf of a depository institution may provide the disclosure electronically and may obtain from the customer acknowledgment of receipt of the disclosure electronically.As added by P.L.130-2002, SEC.2.
IN Code § 27-1-38-12 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 38. Regulation of Depository Institutions|27-1-38-12. Commissioner Examination and Investigation

Sec. 12. (a) The commissioner may examine and investigate the insurance activities of a person that the commissioner believes to be in violation of this chapter. A person examined or investigated under this section shall, upon reasonable notice from the commissioner, make the insurance related books and records of the person available to the commissioner.(b) In the case of an examination or investigation of a depository institution under subsection (a), the commissioner shall, before performing the examination or investigation:(1) notify the federal or state banking agency that regulates the depository institution that the commissioner intends to examine or investigate the depository institution; and(2) advise the federal or state banking agency of the depository institution's suspected violation of this section.As added by P.L.130-2002, SEC.2.
IN Code § 27-1-38-13 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 38. Regulation of Depository Institutions|27-1-38-13. Allowed Activities

Sec. 13. This chapter does not prevent a depository institution or an affiliate of a depository institution that lends money or extends credit from placing insurance on real or personal property if a customer fails to provide insurance that is required under terms of a loan agreement or credit agreement.As added by P.L.130-2002, SEC.2.
IN Code § 27-1-38-14 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 38. Regulation of Depository Institutions|27-1-38-14. Violation of Chapter

Sec. 14. A person that violates this chapter commits an unfair and deceptive act or practice in the business of insurance under IC 27-4-1-4.As added by P.L.130-2002, SEC.2.
IN Code § 27-1-39-1 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 39. Independent Educational Institution Self-Insurance Consortium|27-1-39-1. "Commissioner" Defined

Sec. 1. As used in this chapter, "commissioner" means the insurance commissioner appointed under IC 27-1-1-2.As added by P.L.38-2006, SEC.1.
IN Code § 27-1-39-2 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 39. Independent Educational Institution Self-Insurance Consortium|27-1-39-2. "Consortium" Defined

Sec. 2. As used in this chapter, "consortium" refers to a self-insurance consortium established under section 7 of this chapter.As added by P.L.38-2006, SEC.1.
IN Code § 27-1-39-3 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 39. Independent Educational Institution Self-Insurance Consortium|27-1-39-3. "Department" Defined

Sec. 3. As used in this chapter, "department" refers to the department of insurance created by IC 27-1-1-1.As added by P.L.38-2006, SEC.1.
IN Code § 27-1-39-4 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 39. Independent Educational Institution Self-Insurance Consortium|27-1-39-4. "Independent Postsecondary Educational Institution" Defined

Sec. 4. As used in this chapter, "independent postsecondary educational institution" refers to an independent, degree granting college or university that is:(1) accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools;(2) chartered in Indiana; and(3) operated as a nonprofit entity under Section 501(c)(3) of the Internal Revenue Code.As added by P.L.38-2006, SEC.1. Amended by P.L.2-2007, SEC.352.
IN Code § 27-1-39-5 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 39. Independent Educational Institution Self-Insurance Consortium|27-1-39-5. "Member" Defined

Sec. 5. As used in this chapter, "member" means an independent postsecondary educational institution that enters into an agreement under section 7 of this chapter to form a consortium.As added by P.L.38-2006, SEC.1. Amended by P.L.2-2007, SEC.353.
IN Code § 27-1-39-6 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 39. Independent Educational Institution Self-Insurance Consortium|27-1-39-6. "Self-Insurance Fund" Defined

Sec. 6. As used in this chapter, "self-insurance fund" means a fund established by a consortium to provide money sufficient to:(1) cover self-insured risk retained by the consortium;(2) pay premiums for stop-loss insurance coverage; and(3) pay the administrative and other costs of the consortium.As added by P.L.38-2006, SEC.1.
IN Code § 27-1-39-7 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 39. Independent Educational Institution Self-Insurance Consortium|27-1-39-7. Establishing Self-Insurance Consortium and Trust

Sec. 7. (a) Notwithstanding any other law, two (2) or more independent postsecondary educational institutions may establish a trust under Indiana law to establish and maintain a self-insurance consortium through which the independent educational institutions jointly maintain a self-insurance fund to cover certain retained risks and jointly purchase stop-loss insurance coverage. The coverage for retained risks or stop-loss insurance coverage provided for through the trust may include any of the following types of coverage:(1) Property and casualty coverage.(2) Worker's compensation coverage.(3) Employee health coverage.(4) Employee vision coverage.(5) Employee dental coverage.(6) Other coverage.(b) If the coverage described in subsection (a)(3), (a)(4), or (a)(5) is provided through the self-insurance fund, the coverage must be provided through a multiple employer welfare arrangement regulated under IC 27-1-34.As added by P.L.38-2006, SEC.1. Amended by P.L.2-2007, SEC.354.
IN Code § 27-1-39-8 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 39. Independent Educational Institution Self-Insurance Consortium|27-1-39-8. Consortium Governance

Sec. 8. A consortium shall be governed by a governing authority comprised entirely of representatives of the consortium's members.As added by P.L.38-2006, SEC.1.
IN Code § 27-1-39-9 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 39. Independent Educational Institution Self-Insurance Consortium|27-1-39-9. Regulation of Trust

Sec. 9. A trust created under section 7 of this chapter is subject to regulation by the department as follows:(1) The trust must be registered with the department.(2) The trust shall:(A) retain a total risk for the self-insurance fund of not more than one hundred twenty-five percent (125%) of the amount of expected claims for the following year; and(B) obtain stop-loss insurance issued by an insurer authorized to do business in Indiana to cover losses in excess of the amount retained under clause (A).(3) Contributions by the members must be set to fund one hundred percent (100%) of the total risk retained under subdivision (2)(A) plus all other costs of the trust.(4) The trust shall maintain a fidelity bond in an amount approved by the department, covering each person responsible for the trust, to protect against acts of fraud or dishonesty in servicing the trust.(5) The trust is subject to IC 27-4-1-4.5 regarding claims settlement practices.(6) The trust shall, before March 1 of each year, file an annual financial statement in the form required by IC 27-1-3-13.(7) The trust is not a member of the Indiana insurance guaranty association under IC 27-6-8. The liability of each member is joint and several.(8) The trust is subject to examination by the department. The trust shall pay all costs associated with an examination.(9) The department may deny, suspend, or revoke the registration of the trust if the commissioner finds that the trust:(A) is in a hazardous financial condition;(B) refuses to be examined or produce records for examination; or(C) has failed to pay a final judgment rendered against the trust by a court within thirty (30) days.As added by P.L.38-2006, SEC.1. Amended by P.L.1-2007, SEC.184.
IN Code § 27-1-39-10 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 39. Independent Educational Institution Self-Insurance Consortium|27-1-39-10. Rulemaking Authority

Sec. 10. The department may adopt rules under IC 4-22-2 to implement this chapter.As added by P.L.38-2006, SEC.1.
IN Code § 27-1-40-1 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 40. Entry of Unauthorized Alien Companies|27-1-40-1. "Trusteed Surplus"

Sec. 1. As used in this chapter, "trusteed surplus" means the aggregate value of a United States branch's:(1) surplus and reserve funds required under IC 27-1-6; and(2) trust assets described in section 4 of this chapter;plus investment income accrued on the items described in subdivisions (1) and (2) if the investment income is collected by the state for the trustees, less the aggregate net amount of all of the United States branch's reserves and other liabilities in the United States, as determined under section 6 of this chapter.As added by P.L.173-2007, SEC.20. Amended by P.L.3-2008, SEC.210.
IN Code § 27-1-40-2 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 40. Entry of Unauthorized Alien Companies|27-1-40-2. "United States Branch"

Sec. 2. As used in this chapter, "United States branch" means:(1) an entity that is considered, for purposes of this chapter, to be a domestic company through which insurance business is transacted in the United States by an alien company; and(2) the alien company's assets and liabilities that are attributable to the insurance business transacted in the United States.As added by P.L.173-2007, SEC.20.
IN Code § 27-1-40-3 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 40. Entry of Unauthorized Alien Companies|27-1-40-3. Indiana as State of Entry for Alien Company

Sec. 3. Indiana may serve as a state of entry to enable an alien company to transact insurance business in the United States through a United States branch if the United States branch:(1) qualifies under this title for a certificate of authority as if the United States branch were a domestic company organized under this title; and(2) establishes a trust account that meets the following conditions:(A) The trust account is established under a trust agreement approved by the commissioner with a United States bank.(B) The amount in the trust account is at least equal to:(i) the minimum capital and surplus requirements; or(ii) the authorized control level risk based capital requirements;whichever is greater, that apply to a domestic company that possesses a certificate of authority to transact the same kind of insurance business in Indiana as the United States branch will transact.As added by P.L.173-2007, SEC.20.
IN Code § 27-1-40-5 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 40. Entry of Unauthorized Alien Companies|27-1-40-5. Certificate of Authority for United States Branch; Requirements

Sec. 5. (a) The commissioner shall require a United States branch to do the following before granting the United States branch a certificate of authority to transact insurance business as described in section 3(1) of this chapter:(1) Comply with this chapter and any other requirement of this title.(2) Submit the following:(A) A copy of the current charter and bylaws of the alien company that intends to transact business through the United States branch and any other documents determined by the commissioner to be necessary to provide evidence of the kinds of insurance business that the alien company is authorized to transact. Documents submitted under this clause must be attested to as accurate by the insurance supervisory official in the alien company's domiciliary jurisdiction.(B) A full statement, subscribed and affirmed as true under penalty of perjury by two (2) officers or equivalent responsible representatives of the alien company in a manner prescribed by the commissioner, of the alien company's financial condition as of the close of the alien company's latest fiscal year, showing the alien company's:(i) assets;(ii) liabilities;(iii) income disbursements;(iv) business transacted; and(v) other facts required to be shown in the alien company's annual statement reported to the insurance supervisory official in the alien company's domiciliary jurisdiction.(C) An English translation, if necessary, of any document submitted under this subdivision.(3) Submit to an examination of the affairs of the alien company that intends to transact business through the United States branch at the alien company's principal office in the United States. However, the commissioner may accept a report of the insurance supervisory official in the alien company's domiciliary jurisdiction in lieu of the examination required under this subdivision.(b) The commissioner may at any time hire, at a United States branch's expense, any independent experts that the commissioner considers necessary to implement this chapter with respect to the United States branch.As added by P.L.173-2007, SEC.20.
IN Code § 27-1-40-7 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 40. Entry of Unauthorized Alien Companies|27-1-40-7. Issuance and Renewal of Certificate of Authority

Sec. 7. (a) Before issuing a new or renewal certificate of authority to a United States branch, the commissioner may require satisfactory proof:(1) in the charter of the alien company transacting business through the United States branch;(2) by an agreement evidenced by a certified resolution of the alien company's board of directors; or(3) otherwise as required by the commissioner;that the United States branch will not engage in any insurance business not authorized by this chapter and by the alien company's charter.(b) The commissioner shall issue a renewal certificate of authority to a United States branch if the commissioner is satisfied that the United States branch is not delinquent in any requirement of this title and that the United States branch's continued insurance business in Indiana is not contrary to the best interest of the citizens of Indiana.(c) A United States branch may not be:(1) granted a certificate of authority to transact any kind of insurance business in Indiana that is not permitted to be transacted in Indiana by a domestic company granted a certificate of authority under this title; or(2) authorized to transact an insurance business in Indiana if the United States branch transacts, anywhere in the United States, any kind of business other than an insurance business (and business incidental to the kind of insurance business) that the United States branch is authorized to transact in Indiana.(d) A United States branch entering the United States through Indiana or another state may not be authorized to transact an insurance business in Indiana if the United States branch fails to substantially comply with any requirement of this title that:(1) applies to a similar domestic company that is organized after July 1, 2007; and(2) the commissioner determines is necessary to protect the interest of the policyholders.(e) Unless the commissioner determines that the kind of insurance is not contrary to the best interest of the citizens of Indiana, a United States branch may not transact any kind of insurance business that is not permitted to be transacted in Indiana by a similar domestic company that is organized after July 1, 2007.(f) A United States branch may not be authorized to transact an insurance business in Indiana unless the United States branch maintains correct and complete records of the United States branch's transactions that are:(1) open to inspection by any person who has the right to inspect the records; and(2) maintained at the United States branch's principal office in Indiana.As added by P.L.173-2007, SEC.20.
IN Code § 27-1-40-8 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 40. Entry of Unauthorized Alien Companies|27-1-40-8. Insolvency Proceedings

Sec. 8. If the commissioner determines from a quarterly or annual statement, a trusteed surplus statement, or another report that a United States branch's trusteed surplus is less than:(1) the minimum capital and surplus requirements; or(2) the authorized control level risk based capital requirements;whichever is greater, that apply to a domestic insurer granted a certificate of authority to transact the same kind of insurance business in Indiana, the commissioner may proceed under IC 27-9 against the United States branch as if the United States branch were an insurer in such condition that further transaction by the insurer of insurance business in the United States would be hazardous to the insurer's policyholders, creditors, or residents of the United States.As added by P.L.173-2007, SEC.20.
IN Code § 27-1-41-1 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 41. Group Personal Excess or Umbrella Liability Insurance|27-1-41-1. "Certificate"

Sec. 1. As used in this chapter, "certificate" means a document issued to an individual group member as evidence of the group member's coverage under a master group insurance policy.As added by P.L.32-2012, SEC.2.
IN Code § 27-1-41-2 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 41. Group Personal Excess or Umbrella Liability Insurance|27-1-41-2. "Group"

Sec. 2. As used in this chapter, "group" means the following:(1) The membership of any of the following:(A) A trade association.(B) A professional association.(C) A labor union.(D) An employee association.(E) A club.(F) A league.(G) A fraternity.(H) A guild.(I) Another organization.(2) The employees of any of the following:(A) An employer.(B) Two (2) or more employers.As added by P.L.32-2012, SEC.2.
IN Code § 27-1-41-3 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 41. Group Personal Excess or Umbrella Liability Insurance|27-1-41-3. "Group Administrator"

Sec. 3. As used in this chapter, "group administrator" means the officers or directors of a group or any other person legally vested with the responsibility to manage the affairs of a group. In the case of a group that consists of employees of a single employer, the employer is considered to be the group administrator.As added by P.L.32-2012, SEC.2.
IN Code § 27-1-41-4 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 41. Group Personal Excess or Umbrella Liability Insurance|27-1-41-4. "Group Insurance Policy"

Sec. 4. As used in this chapter, "group insurance policy" means a policy of insurance that provides personal excess liability insurance or personal umbrella liability insurance to participating group members under one (1) master policy:(1) that is issued to the group administrator; and(2) under which individual certificates are issued to each participating group member.As added by P.L.32-2012, SEC.2.
IN Code § 27-1-41-5 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 41. Group Personal Excess or Umbrella Liability Insurance|27-1-41-5. Authorization to Issue Group Insurance Policy

Sec. 5. An insurer that is:(1) authorized under IC 27-1-3-20 to engage in the business of insurance in Indiana; or(2) doing business with an insurance producer that is licensed under IC 27-1-15.8;may issue a group insurance policy in Indiana.As added by P.L.32-2012, SEC.2.
IN Code § 27-1-41-6 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 41. Group Personal Excess or Umbrella Liability Insurance|27-1-41-6. Group Eligibility Requirements

Sec. 6. (a) A group described in section 2(1) of this chapter must meet the following requirements to be eligible to purchase coverage under a group insurance policy:(1) The group consists of at least ten (10) individuals who are members.(2) The group has been in existence for at least two (2) years.(3) The group was formed for a purpose other than the purchase of insurance.(b) A group described in section 2(2) of this chapter may include each of the following as a group member:(1) An employee of a subsidiary or an affiliate of the employer.(2) A retired employee of the employer.(3) An individual business owner or proprietor who is the employer.(4) A partner of a partnership that is the employer.(5) A director or retired director of the employer.(6) A former employee, owner, proprietor, partner, or director who purchased coverage under a group insurance policy before leaving the position.(7) A spouse, child, or household resident of any individual described in subdivisions (1) through (6).(c) A group is not eligible to purchase, and an insurer shall not provide to the group, coverage under a group insurance policy if:(1) the purchase of insurance is a condition of membership in the group; or(2) a group member is penalized by the group as a result of the group member refusing coverage under a group insurance policy.As added by P.L.32-2012, SEC.2.
IN Code § 27-1-41-7 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 41. Group Personal Excess or Umbrella Liability Insurance|27-1-41-7. Rates

Sec. 7. An insurer may apply to a group insurance policy a lower rate than the rate shown in the insurer's manual for insurance policies that are:(1) of the same type as the group insurance policy; and(2) individually issued to insureds of the same class as the group members insured under the group insurance policy.As added by P.L.32-2012, SEC.2.