reglab/housing_qa huggingface dataset:
IN Code § 27-1-29.1-21 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 29.1. Political Subdivision Catastrophic Liability Fund|27-1-29.1-21. Relinquishment of Membership in Fund; Prerelinquishment Liabilities; Assessments

Sec. 21. After relinquishing its membership in the fund, a political subdivision remains liable for its pro rata share of assessments to pay for liabilities of fund members that arose out of claims based upon acts or omissions that took place while the political subdivision was a member of the fund. If a political subdivision fails to pay an assessment to which it is subject under this chapter, the commission may give notice to any department or agency of the state (including the treasurer of state or the auditor of state) that is the custodian of money payable to the delinquent political subdivision after the date of the notice, that the political subdivision is in default on the payment of an assessment under this chapter. After receiving this notice, the department or agency shall withhold the delinquent amount from the money payable to the political subdivision and pay over the money to the commission to be applied against the delinquent assessment.As added by P.L.272-1987, SEC.7.
IN Code § 27-1-29.1-22 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 29.1. Political Subdivision Catastrophic Liability Fund|27-1-29.1-22. Assessments on Members of Fund

Sec. 22. (a) The commission shall impose an assessment to be paid by each member of the fund. The assessments to be paid by members of the fund shall be determined by the commission and must be fair to all members, in consideration of the uniform application of actuarial principles and underwriters' rating principles and in consideration of the need to pay the principal of and interest on bonds or notes issued under IC 27-1-29-17(b)(1). A member shall pay its assessment in accordance with rules of the commission.(b) The assessment for the first twelve (12) months of a political subdivision's membership in the fund shall be no greater than the payment made by the political subdivision to a commercial insurer for like coverage for the twelve (12) month period immediately preceding the political subdivision's application to become a member. In the case of an applicant not insured by a commercial insurer, the department shall set the amount of the assessment for the first twelve (12) months of membership in accordance with subsection (a).As added by P.L.272-1987, SEC.7.
IN Code § 27-1-30-2 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 30. Group Casualty and Liability Insurance for Foster Parents|27-1-30-2. "Casualty and Liability Insurance" Defined

Sec. 2. As used in this chapter, "casualty and liability insurance" means the types of insurance described in IC 27-1-5-1, Class 2(h) and 2(l).As added by P.L.270-1987, SEC.2.
IN Code § 27-1-30-3 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 30. Group Casualty and Liability Insurance for Foster Parents|27-1-30-3. "Casualty Insurance Company" Defined

Sec. 3. As used in this chapter, "casualty insurance company" has the meaning set forth in IC 27-1-2-3(t).As added by P.L.270-1987, SEC.2.
IN Code § 27-1-30-4 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 30. Group Casualty and Liability Insurance for Foster Parents|27-1-30-4. "Foster Parent" Defined

Sec. 4. As used in this chapter, "foster parent" means a person who holds a license to operate a foster family home under IC 31-27.As added by P.L.270-1987, SEC.2. Amended by P.L.99-1988, SEC.24; P.L.2-1992, SEC.782; P.L.81-1992, SEC.35; P.L.1-1993, SEC.200; P.L.61-1993, SEC.64; P.L.145-2006, SEC.165.
IN Code § 27-1-30-5 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 30. Group Casualty and Liability Insurance for Foster Parents|27-1-30-5. Issuance of Group Policies

Sec. 5. An insurer authorized under IC 27-1-3-20 to transact business as a casualty insurance company may provide casualty and liability insurance to foster parents on a group basis. A policy may not be issued or renewed to provide group coverage under this chapter to a group that includes fewer than ten (10) members.As added by P.L.270-1987, SEC.2.
IN Code § 27-1-30-6 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 30. Group Casualty and Liability Insurance for Foster Parents|27-1-30-6. Administrative Regulations

Sec. 6. The insurance commissioner may promulgate regulations under IC 4-22-2 that he considers necessary for the proper administration of this chapter.As added by P.L.270-1987, SEC.2.
IN Code § 27-1-31-1 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 31. Cancellation and Nonrenewal of Commercial Property and Casualty Insurance|27-1-31-1. Application of Chapter

Sec. 1. (a) Except as provided in subsection (b), this chapter applies to all lines of commercial property and casualty insurance.(b) This chapter:(1) does not apply to the cancellation or nonrenewal of automobile insurance policies, as restricted under IC 27-7-6; and(2) does not affect requirements applying to:(A) the cancellation of medical malpractice insurance policies under IC 34-18-13-4 (or IC 27-12-13-4 before its repeal); or(B) the cancellation of property or liability insurance by a creditor under IC 24-4.5-4-304.As added by P.L.271-1987, SEC.4. Amended by P.L.2-1993, SEC.149; P.L.224-1993, SEC.1; P.L.1-1998, SEC.148.
IN Code § 27-1-31-2 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 31. Cancellation and Nonrenewal of Commercial Property and Casualty Insurance|27-1-31-2. Grounds for Cancellation; Notice of Cancellation

Sec. 2. (a) An insurer may not cancel a policy of insurance that the insurer has written that has been in effect more than ninety (90) days unless:(1) the insured under the policy has failed to pay the premium;(2) there is a substantial change in the scale of risk covered by the policy;(3) the insured has perpetrated a fraud or material misrepresentation upon the insurer;(4) the insured has failed to comply with reasonable safety recommendations; or(5) reinsurance of the risk associated with the policy has been cancelled.(b) An insurer shall mail a written notice of cancellation to a person insured under a policy issued by the insurer at least:(1) forty-five (45) days before cancelling the policy for any reason set forth in subsection (a)(2), (a)(4), or (a)(5);(2) twenty (20) days before cancelling the policy for the reason set forth in subsection (a)(3); or(3) ten (10) days before cancelling the policy for the reason set forth in subsection (a)(1).As added by P.L.271-1987, SEC.4. Amended by P.L.162-1988, SEC.3; P.L.196-2021, SEC.26.
IN Code § 27-1-31-2.5 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 31. Cancellation and Nonrenewal of Commercial Property and Casualty Insurance|27-1-31-2.5. Notice of Cancellation

Sec. 2.5. An insurer may cancel a policy of insurance that the insurer has written that has been in effect ninety (90) days or less by mailing a written notice of cancellation to a person insured under the policy at least:(1) ten (10) days before cancelling if an insured has failed to pay a premium;(2) twenty (20) days before cancelling if the insured has perpetrated a fraud or material misrepresentation upon the insurer; or(3) thirty (30) days before cancelling for any other reason.As added by P.L.162-1988, SEC.4. Amended by P.L.196-2021, SEC.27.
IN Code § 27-1-31-3 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 31. Cancellation and Nonrenewal of Commercial Property and Casualty Insurance|27-1-31-3. Notice of Nonrenewal

Sec. 3. (a) If an insurer refuses to renew a policy of insurance written by the insurer, the insurer shall mail written notice of nonrenewal to the insured:(1) at least forty-five (45) days before the expiration date of the policy, if the coverage provided is for one (1) year, or less; or(2) at least forty-five (45) days before the anniversary date of the policy, if the coverage provided is for more than one (1) year.(b) A notice of nonrenewal is not required if:(1) the insured is transferred from an insurer to an affiliate of the insurer for future coverage; and(2) the transfer results in the same or broader coverage.As added by P.L.271-1987, SEC.4. Amended by P.L.160-2003, SEC.23; P.L.148-2017, SEC.7; P.L.196-2021, SEC.28.
IN Code § 27-1-33-1 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 33. Managing General Agents|27-1-33-1. Actuary

Sec. 1. As used in this chapter, "actuary" means a person who is a member in good standing of the American Academy of Actuaries.As added by P.L.1-1992, SEC.148.
IN Code § 27-1-33-2 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 33. Managing General Agents|27-1-33-2. Commissioner

Sec. 2. As used in this chapter, "commissioner" refers to the insurance commissioner appointed under IC 27-1-1-2.As added by P.L.1-1992, SEC.148.
IN Code § 27-1-33-3 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 33. Managing General Agents|27-1-33-3. Insurer

Sec. 3. As used in this chapter, "insurer" means any person, firm, association, or corporation duly authorized to act in Indiana as an insurance company pursuant to IC 27-1.As added by P.L.1-1992, SEC.148.
IN Code § 27-1-33-4 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 33. Managing General Agents|27-1-33-4. Managing General Agent

Sec. 4. (a) As used in this chapter, "managing general agent" or "MGA" means any person, firm, association, or corporation:(1) that manages all or part of the insurance business of an insurer (including the management of a separate division, department, or underwriting office);(2) that acts as an agent for the insurer, whether known as a managing general agent, manager, or other similar term;(3) that, with or without the authority, either separately or together with affiliates, produces, directly or indirectly, and underwrites an amount of gross direct written premium at least five percent (5%) of the policyholder surplus as reported in the last annual statement of the insurer in any one (1) quarter or year; and(4) that does at least one (1) of the following activities related to the business produced:(A) Adjusts or pays claims in excess of an amount determined by the commissioner.(B) Negotiates reinsurance on behalf of the insurer.(b) Notwithstanding subsection (a), the following persons are not MGAs for the purposes of this chapter:(1) An employee of the insurer.(2) A United States manager of the United States branch of an alien insurer.(3) An underwriting manager that, pursuant to contract:(A) manages all or part of the insurance operations of the insurer;(B) is under common control with the insurer, subject to IC 27-1-23; and(C) is not compensated based on the volume of premiums written.(4) An attorney-in-fact authorized by and acting for the subscribers of a reciprocal insurer as authorized in IC 27-6-6-1 or an interinsurance exchange as authorized in IC 27-1-2-2 under powers of attorney.As added by P.L.1-1992, SEC.148. Amended by P.L.130-1994, SEC.34; P.L.116-1994, SEC.44.
IN Code § 27-1-33-5 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 33. Managing General Agents|27-1-33-5. Underwrite

Sec. 5. As used in this chapter, "underwrite" means the authority to accept or reject risk on behalf of the insurer.As added by P.L.1-1992, SEC.148.
IN Code § 27-1-33-6 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 33. Managing General Agents|27-1-33-6. Acting in Capacity of Mga With Respect to Risks; Prohibitions; Bond; Errors and Omissions Policy

Sec. 6. (a) A person, a firm, an association, or a corporation may not act in the capacity of an MGA with respect to risks located in Indiana for an insurer licensed in Indiana unless that person is a licensed producer in Indiana.(b) A person, a firm, an association, or a corporation may not act in the capacity of an MGA representing an insurer domiciled in Indiana with respect to risks located outside Indiana unless that person is licensed as a producer in Indiana pursuant to the provisions of this chapter. For the purposes of this subsection, a person is licensed as a producer in Indiana if that person holds a nonresident license.(c) The commissioner may require a bond in an amount determined by the commissioner for the protection of the insurer.(d) The commissioner may require an MGA to maintain an errors and omissions policy.As added by P.L.1-1992, SEC.148.
IN Code § 27-1-33-8 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 33. Managing General Agents|27-1-33-8. Independent Financial Examination; Loss Reserves; On-Site Review of Underwriting and Claims; Reinsurance; Termination of Contracts; Review of Books and Records; Board of Directors

Sec. 8. (a) An insurer shall have on file an independent financial examination, in a form acceptable to the commissioner, of each MGA with which it has done business.(b) If an MGA establishes loss reserves, the insurer shall annually obtain the opinion of an actuary attesting to the adequacy of loss reserves established for losses incurred and outstanding on business produced by the MGA. This requirement is in addition to any other required loss reserve certification.(c) The insurer shall periodically (at least semiannually) conduct an on-site review of the underwriting and claims processing operations of the MGA.(d) Binding authority for all reinsurance contracts or participation in insurance or reinsurance syndicates shall rest with an officer of the insurer, who may not be affiliated with the MGA.(e) Within thirty (30) days after entering into or terminating a contract with an MGA, the insurer shall provide written notification of the appointment or termination to the commissioner. Notices of appointment of an MGA must include a statement of duties that the applicant is expected to perform on behalf of the insurer, the lines of insurance for which the applicant is to be authorized to act, and any other information the commissioner may request.(f) An insurer shall review its books and records each quarter to determine if any producer (as defined by section 4 of this chapter) has become, by operation of section 4 of this chapter, an MGA. If the insurer determines that a producer has become an MGA pursuant to section 4 of this chapter, the insurer shall promptly notify the producer and the commissioner of that determination, and the insurer and producer shall fully comply with the provisions of this chapter within thirty (30) days.(g) An insurer shall not appoint to its board of directors an officer, a director, an employee, a subproducer, or a controlling shareholder of its MGAs. This subsection does not apply to relationships governed by IC 27-1-23.(h) An insurance holding company system regulated under IC 27-1-23 may perform the obligations imposed by this section for insurers affiliated in the system by submitting, in a form acceptable to the commissioner, consolidated information concerning the MGAs with whom the insurers have done business.As added by P.L.1-1992, SEC.148. Amended by P.L.116-1994, SEC.45.
IN Code § 27-1-33-9 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 33. Managing General Agents|27-1-33-9. Actions of Mga; Examinations

Sec. 9. The acts of the MGA are considered to be the acts of the insurer on whose behalf the MGA is acting. An MGA may be examined as if it were the insurer.As added by P.L.1-1992, SEC.148.
IN Code § 27-1-33-10 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 33. Managing General Agents|27-1-33-10. Violations; Penalties; Civil Actions

Sec. 10. (a) If the commissioner determines that the MGA or any other person has not materially complied with this chapter or any rule or order adopted under this chapter, after notice and opportunity to be heard:(1) the commissioner may order:(A) for each separate violation, a civil penalty in an amount not exceeding five thousand dollars ($5,000); and(B) the revocation or suspension of the producer's license; and(2) if it is found that because of such material noncompliance the insurer has suffered any loss or damage, the commissioner may maintain a civil action brought by or on behalf of the insurer and its policyholders and creditors for recovery of compensatory damages for the benefit of the insurer and its policyholders and creditors or other appropriate relief.(b) If an order of rehabilitation or liquidation of the insurer has been entered under IC 27-9 and the receiver appointed under that order determines that the MGA or any other person has not materially complied with this chapter or any rule or order adopted under this chapter and the insurer suffered any loss or damage therefrom, the receiver may maintain a civil action for recovery of damages or other appropriate sanctions for the benefit of the insurer.(c) Nothing contained in this section affects the right of the commissioner to impose any other penalties provided for by law.(d) Nothing contained in this chapter is intended to or shall in any manner limit or restrict the rights of policyholders, claimants, and auditors.As added by P.L.1-1992, SEC.148. Amended by P.L.130-1994, SEC.35; P.L.116-1994, SEC.46.
IN Code § 27-1-33-11 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 33. Managing General Agents|27-1-33-11. Rules for Implementation and Administration of Chapter

Sec. 11. The commissioner may adopt reasonable rules under IC 4-22-2 for the implementation and administration of this chapter.As added by P.L.1-1992, SEC.148.
IN Code § 27-1-34-1 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 34. Multiple Employer Welfare Arrangements|27-1-34-1. "Multiple Employer Welfare Arrangement"

Sec. 1. (a) As used in this chapter, "arrangement" refers to a multiple employer welfare arrangement.(b) As used in this chapter, "multiple employer welfare arrangement" means an entity other than a duly admitted insurer that establishes an employee benefit plan for the purpose of offering or providing accident and sickness or death benefits to the employees of at least two (2) employers, including self-employed individuals and their dependents. For purposes of this subsection, two (2) employers, one (1) of which holds an ownership interest of at least fifty-one percent (51%) in the other, are considered to be one (1) employer.As added by P.L.1-1992, SEC.149. Amended by P.L.173-2007, SEC.19.
IN Code § 27-1-34-1.5 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 34. Multiple Employer Welfare Arrangements|27-1-34-1.5. Interlocal Cooperation Agreements

Sec. 1.5. A multiple employer welfare arrangement may be established through an interlocal cooperation agreement under IC 36-1-7.As added by P.L.130-2020, SEC.9.
IN Code § 27-1-34-2 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 34. Multiple Employer Welfare Arrangements|27-1-34-2. Certificate of Registration

Sec. 2. (a) An arrangement must annually obtain a certificate of registration from the department under rules adopted by the commissioner.(b) An arrangement that does not obtain a certificate of registration described in subsection (a) or violates the requirements of this chapter is subject to IC 27-4.As added by P.L.1-1992, SEC.149.
IN Code § 27-1-34-3 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 34. Multiple Employer Welfare Arrangements|27-1-34-3. Benefits Under an Employee Benefit Plan

Sec. 3. An arrangement may provide benefits under an employee benefit plan in Indiana only through an employee benefit plan that has been filed and approved by the department of insurance.As added by P.L.1-1992, SEC.149.
IN Code § 27-1-34-4 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 34. Multiple Employer Welfare Arrangements|27-1-34-4. Annual Statement

Sec. 4. An arrangement shall file an annual statement on a form prescribed by the commissioner.As added by P.L.1-1992, SEC.149.
IN Code § 27-1-34-5 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 34. Multiple Employer Welfare Arrangements|27-1-34-5. Application of Insurance Law

Sec. 5. Except as provided by this chapter and by IC 27-9, Indiana insurance law does not apply to the operation of multiple employer welfare arrangements.As added by P.L.1-1992, SEC.149.
IN Code § 27-1-34-6 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 34. Multiple Employer Welfare Arrangements|27-1-34-6. Examination of Arrangements; Revocation or Suspension of Certificate of Registration

Sec. 6. (a) It shall be the duty of the department to examine every domestic multiple employer welfare arrangement at least every five (5) years or as often as the department in its discretion may deem necessary. The expense of the examination and or investigations of such arrangements shall be paid by the arrangement so examined.(b) The commissioner shall revoke or suspend:(1) the certificate of registration to do business in Indiana of any multiple employer welfare arrangement which refuses to permit such examination described in subsection (a); and(2) any certificate of registration when any condition prescribed by law or regulation for the issuance or continuance of the certificate no longer exists.As added by P.L.1-1992, SEC.149.
IN Code § 27-1-34-7 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 34. Multiple Employer Welfare Arrangements|27-1-34-7. Insolvency; Notification of Department

Sec. 7. If any domestic multiple employer welfare arrangement is insolvent or in imminent danger of insolvency, or fails or suspends operation between periods of examination authorized, it is a class A misdemeanor for the highest officer then actively in charge of such multiple employer welfare arrangement to knowingly fail to notify the department immediately of such condition, failure, or suspension.As added by P.L.1-1992, SEC.149.
IN Code § 27-1-34-8 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 34. Multiple Employer Welfare Arrangements|27-1-34-8. Reinsurers and Insurance Producers; Multiple Employer Welfare Arrangement

Sec. 8. (a) A reinsurer may not issue a policy of insurance to a multiple employer welfare arrangement that does not have a certificate of registration from the department.(b) An insurance producer licensed by the department may not solicit, offer, or provide coverage through a multiple employer welfare arrangement that does not have a certificate of registration from the department.(c) A reinsurer or insurance producer who knows or reasonably should have known that the arrangement does not have a current certificate of registration is liable for any claims for benefits that are due and unpaid.As added by P.L.1-1992, SEC.149. Amended by P.L.178-2003, SEC.30.
IN Code § 27-1-34-9 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 34. Multiple Employer Welfare Arrangements|27-1-34-9. Rules

Sec. 9. The department of insurance shall adopt rules under IC 4-22-2 necessary to implement this chapter, including but not limited to:(1) certificate of registration requirements;(2) reinsurance requirements;(3) reserve levels;(4) deposits;(5) financial reporting;(6) fidelity bonds; and(7) the operations;of multiple employer welfare arrangements.As added by P.L.1-1992, SEC.149.