reglab/statecodes huggingface dataset:
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 15.9. Portable Electronics Insurance › 27-1-15.9-10. Limited Lines License Required; Authorization; Training Requirements; Representation as Limited Lines Producer

Sec. 10. (a) A vendor shall not sell, solicit, or negotiate portable electronics insurance unless the vendor holds a limited lines license issued under IC 27-1-15.6 to sell, solicit, or negotiate portable electronics insurance.
(b) A limited lines license required by subsection (a) authorizes each of the following to sell, solicit, or negotiate portable electronics insurance to a customer at each of a vendor's locations:
(1) The vendor.
(2) Each of the vendor's employees or authorized representatives, regardless of whether the employee or authorized representative is individually licensed under IC 27-1-15.6, if the insurer that issues the portable electronics insurance directly supervises or appoints a supervising entity to supervise:
(A) the administration of the portable electronics insurance sold by the vendor; and
(B) a training program for the employees and authorized representatives.
(c) The following apply to a training program described in subsection (b):
(1) The training must be provided to any employee or authorized representative who is directly engaged in the sale, solicitation, or negotiation of portable electronics insurance.
(2) Initial training of an employee or authorized representative:
(A) must be provided before the employee or authorized representative engages in the sale, solicitation, or negotiation of portable electronics insurance; and
(B) may be provided in electronic form.
(3) Continuing training of an employee or authorized representative:
(A) must be provided on a periodic basis; and
(B) may be provided in electronic or another form.
(4) The training must be developed and overseen by employees of the supervising entity who are licensed as insurance producers under IC 27-1-15.6 with the qualifications described in IC 27-1-15.6-7(a)(3) and IC 27-1-15.6-7(a)(4).
(5) The training must provide basic instruction concerning the:
(A) portable electronics insurance offered to customers of the vendor; and
(B) disclosures required by section 12 of this chapter.
(d) An employee or authorized representative of a vendor shall not advertise, represent, or otherwise profess to be an insurance producer other than a limited lines producer licensed under IC 27-1-15.6.
As added by P.L.4-2012, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 15.9. Portable Electronics Insurance › 27-1-15.9-11. Supervising Entity Location Registry; Examination

Sec. 11. (a) A supervising entity shall:
(1) maintain a registry of locations described in section 10(b) of this chapter; and
(2) make the registry available for examination by the commissioner during the supervising entity's regular business hours.
(b) The commissioner shall, at least ten (10) days before the examination is conducted, provide to a supervising entity written notice of an examination described in subsection (a).
As added by P.L.4-2012, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 15.9. Portable Electronics Insurance › 27-1-15.9-12. Written Materials; Content

Sec. 12. (a) A vendor shall, at each location where portable electronics insurance is sold, solicited, or negotiated, make available to customers written materials concerning the portable electronics insurance.
(b) The written materials available under subsection (a) must do all the following:
(1) Disclose that portable electronics insurance may duplicate coverage already provided under a customer's homeowner's insurance policy, renter's insurance policy, or other coverage.
(2) State that the customer may purchase or lease portable electronics regardless of whether the customer also purchases portable electronics insurance.
(3) Summarize the material terms of each portable electronics insurance policy under which insurance is available from the vendor, including all the following:
(A) The identity of the insurer that issues the portable electronics insurance policy.
(B) The identity of any supervising entity.
(C) The amount of any applicable deductible and the manner by which the deductible is paid.
(D) The benefits of the portable electronics insurance.
(E) The key terms and conditions, including whether portable electronics may be repaired or replaced with:
(i) reconditioned; or
(ii) nonoriginal;
manufacturer equipment of a make or model that is similar to the portable electronics.
(4) Summarize the process for filing a claim, including:
(A) a description of the manner by which to return portable electronics; and
(B) the maximum fee applicable if the customer fails to comply with any applicable equipment return requirement.
(5) State that an insured customer may cancel the portable electronics insurance at any time and the person who pays the premium will receive a refund of unearned premium.
As added by P.L.4-2012, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 15.9. Portable Electronics Insurance › 27-1-15.9-13. Coverage Availability

Sec. 13. Portable electronics insurance may be sold:
(1) for any period; and
(2) under:
(A) an individual policy; or
(B) a group or master policy issued to a vendor to provide insurance for the vendor's customers.
As added by P.L.4-2012, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 15.9. Portable Electronics Insurance › 27-1-15.9-14. Eligibility and Underwriting Standards

Sec. 14. The:
(1) insurer that issues a portable electronics insurance policy; or
(2) supervising entity that supervises a vendor with respect to a portable electronics insurance policy;
shall establish eligibility and underwriting standards for each portable electronics insurance policy that is sold, solicited, or negotiated by a vendor.
As added by P.L.4-2012, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 15.9. Portable Electronics Insurance › 27-1-15.9-15. Charges; Funds

Sec. 15. The following apply to charges for portable electronics insurance:
(1) The charges may be billed and collected by the vendor.
(2) If the insurance cost is not included in the cost associated with the purchase or lease of portable electronics, the insurance cost must be separately itemized on the insured customer's bill.
(3) If the insurance cost is included in the cost associated with the purchase or lease of portable electronics, the vendor shall clearly and conspicuously disclose to the insured customer that the portable electronics insurance cost is included with the cost of the portable electronics.
(4) A vendor that bills and collects the charges shall maintain collected funds in a segregated account unless the:
(A) insurer that issues the portable electronics insurance policy authorizes the vendor to hold the funds in an alternative manner; and
(B) vendor remits the funds to the supervising entity less than sixty (60) days after the vendor receives the funds.
(5) All funds received by the vendor from an insured customer for the sale of portable electronics insurance are considered to be funds held in trust by the vendor in a fiduciary capacity for the benefit of the insurer.
(6) A vendor may receive from an insurer compensation for billing and collection services.
As added by P.L.4-2012, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 15.9. Portable Electronics Insurance › 27-1-15.9-16. Violations

Sec. 16. (a) This section supplements and does not limit the actions that may be taken by the commissioner for a violation under IC 27-1-15.6.
(b) If a vendor or an employee or authorized representative of a vendor violates this chapter, the commissioner may do any of the following:
(1) After notice and hearing, impose on the vendor a civil penalty of not less than fifty dollars ($50) and not more than ten thousand dollars ($10,000).
(2) After notice and hearing, impose other penalties that the commissioner considers necessary and reasonable, including:
(A) suspending the privilege of transacting portable electronics insurance under this chapter at specific locations where violations have occurred; and
(B) suspending or revoking the ability of an individual employee or authorized representative to act under the vendor's limited lines producer license.
(3) Take action that is otherwise authorized under this title against the supervising entity.
As added by P.L.4-2012, SEC.3. Amended by P.L.276-2013, SEC.16.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 15.9. Portable Electronics Insurance › 27-1-15.9-18. Application for Limited Lines Producer License

Sec. 18. (a) A vendor shall apply for a limited lines producer license required by this chapter by filing a sworn application for the license with the commissioner on forms prescribed and furnished by the commissioner.
(b) An application filed under subsection (a) must include the following information:
(1) Except as provided in subdivision (2), the name, residence address, and other information required by the commissioner for an employee or officer of the vendor who is designated by the vendor as the individual who is responsible for the vendor's compliance with this chapter.
(2) If the vendor derives more than fifty percent (50%) of the vendor's revenue from the sale of portable electronics insurance, the name, residence address, and other information required by the commissioner for each officer, director, and shareholder of record that has beneficial ownership of at least ten percent (10%) of any class of securities registered by the vendor under federal securities law.
(3) The physical address of the vendor's home office.
As added by P.L.4-2012, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-2. "Customer"

Sec. 2. As used in this chapter, "customer" means a person that obtains the use of storage space from a self-storage facility under the terms of a self-storage rental agreement.
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-3. "Insured Customer"

Sec. 3. As used in this chapter, "insured customer" means a customer that purchases insurance under a self-storage insurance policy that is sold, solicited, or negotiated by a self-storage facility.
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-4. "Self-Storage Facility"

Sec. 4. As used in this chapter, "self-storage facility" means a person that is engaged in the business of providing rented storage space to the public.
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-5. "Self-Storage Insurance"

Sec. 5. (a) As used in this chapter, "self-storage insurance" means:
(1) insurance that provides insurance coverage for the loss of, or damage to, tangible personal property that is contained in storage space or in transit during a self-storage rental agreement period; or
(2) other coverage that the commissioner approves in connection with the rental of storage space.
(b) The term does not include any of the following:
(1) A homeowner's insurance policy.
(2) A renter's insurance policy.
(3) A private passenger motor vehicle insurance policy.
(4) An insurance policy that provides coverage similar to the insurance provided by a policy described in subdivisions (1) through (3).
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-6. "Self-Storage Rental Agreement"

Sec. 6. As used in this chapter, "self-storage rental agreement" means a written agreement containing the terms and conditions governing the use of storage space provided by a self-storage facility.
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-7. "Supervising Entity"

Sec. 7. As used in this chapter, "supervising entity" means a business entity that:
(1) supervises the activities of a self-storage facility related to a self-storage insurance policy;
(2) is an:
(A) insurer; or
(B) insurance producer;
that is licensed under this title; and
(3) issues, or is appointed by an insurer that issues, the self-storage insurance policy.
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-8. Limited Lines Producer's License Required; Training and Limits on Employee and Authorized Representative Conduct

Sec. 8. (a) A self-storage facility shall not sell, solicit, or negotiate self-storage insurance unless the self-storage facility holds a limited lines producer's license issued under IC 27-1-15.6-18 to sell, solicit, or negotiate self-storage insurance.
(b) A limited lines producer's license required by subsection (a) authorizes each of the following to sell, solicit, or negotiate self-storage insurance to a customer at each of a self-storage facility's locations in Indiana:
(1) The self-storage facility.
(2) Each of the self-storage facility's employees or authorized representatives, regardless of whether the employee or authorized representative is individually licensed under IC 27-1-15.6, if the insurer that issues the self-storage insurance directly supervises or appoints a supervising entity to supervise:
(A) the administration of the self-storage insurance sold by the self-storage facility; and
(B) a training program for the employees and authorized representatives.
(c) The following apply to a training program described in subsection (b):
(1) The training must be provided to any employee or authorized representative who is directly engaged in the sale, solicitation, or negotiation of self-storage insurance.
(2) Initial training of an employee or authorized representative:
(A) must be provided before the employee or authorized representative engages in the sale, solicitation, or negotiation of self-storage insurance; and
(B) may be provided in electronic form or another form.
(3) Continuing training of an employee or authorized representative:
(A) must be provided on a periodic basis; and
(B) may be provided in electronic form or another form.
(4) The training must be developed and overseen by employees of the supervising entity who are licensed as insurance producers under IC 27-1-15.6 with the qualifications described in IC 27-1-15.6-7(a)(3) and IC 27-1-15.6-7(a)(4).
(5) The training must provide basic instruction concerning the:
(A) self-storage insurance offered to customers of the self-storage facility; and
(B) disclosures required by section 10 of this chapter.
(d) An employee or authorized representative of a self-storage facility shall not:
(1) sell, solicit, or negotiate self-storage insurance except in connection with and incidental to the rental of storage space by the self-storage facility; or
(2) advertise or represent that the self-storage facility is an insurance producer other than a limited lines producer licensed under IC 27-1-15.6.
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-9. Supervising Entity Registry

Sec. 9. (a) A supervising entity shall:
(1) maintain a registry of locations described in section 8(b) of this chapter; and
(2) make the registry available for examination by the commissioner during the supervising entity's regular business hours.
(b) The commissioner shall, at least ten (10) days before the examination is conducted, provide to a supervising entity written notice of an examination described in subsection (a).
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-10. Written Disclosures and Information

Sec. 10. (a) A self-storage facility shall, at each location where self-storage insurance is sold, solicited, or negotiated, make available to customers written materials concerning the self-storage insurance.
(b) The written materials available under subsection (a) must do all the following:
(1) Disclose that self-storage insurance may duplicate coverage already provided under a customer's homeowner's insurance policy, renter's insurance policy, or other coverage.
(2) State that if insurance is required as a condition of a self-storage rental agreement, the requirement may be satisfied by the customer's:
(A) purchase of self-storage insurance that is sold, solicited, or negotiated by the self-storage facility; or
(B) presentation to the self-storage facility of evidence of other applicable insurance coverage.
(3) Summarize the material terms of each self-storage insurance policy under which insurance is available from the self-storage facility, including all the following:
(A) The identity of the insurer that issues the self-storage insurance policy.
(B) The identity of any supervising entity.
(C) All costs related to the self-storage insurance policy.
(D) The amount of any applicable deductible.
(E) The benefits of the self-storage insurance.
(F) The key terms and conditions of coverage.
(4) Summarize the process for filing a claim.
(5) State that an insured customer may cancel the insured customer's coverage under the self-storage insurance policy at any time and the person who pays the premium will receive a refund of unearned premium.
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-12. Manner in Which Self-Storage Insurance May Be Sold

Sec. 12. Self-storage insurance may be sold:
(1) for any period; and
(2) under:
(A) an individual policy; or
(B) a group, commercial, or master policy issued to a self-storage facility to provide insurance for the self-storage facility's customers.
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-13. Eligibility and Underwriting Standards

Sec. 13. The:
(1) insurer that issues a self-storage insurance policy; or
(2) supervising entity that supervises a self-storage facility with respect to a self-storage insurance policy;
shall establish eligibility and underwriting standards for each self-storage insurance policy that is sold, solicited, or negotiated by a self-storage facility.
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-14. Charges for Self-Storage Insurance; Handling of Funds; Compensation

Sec. 14. The following apply to charges for self-storage insurance:
(1) The charges may be billed and collected by the self-storage facility.
(2) If the insurance cost is not included in the cost associated with the self-storage rental agreement, the insurance cost must be separately itemized on the insured customer's bill.
(3) If the insurance cost is included in the cost associated with the self-storage rental agreement, the self-storage facility shall clearly and conspicuously disclose to the insured customer that the self-storage insurance cost is included with the cost of the self-storage rental agreement.
(4) A self-storage facility that bills and collects the charges shall maintain collected funds in a segregated account unless the:
(A) insurer that issues the self-storage insurance policy authorizes the self-storage facility to hold the funds in an alternative manner; and
(B) self-storage facility remits the funds to the supervising entity less than sixty (60) days after the self-storage facility receives the funds.
(5) All funds received by the self-storage facility from an insured customer as payment for the purchase of coverage under a self-storage insurance policy are considered to be funds held in trust by the self-storage facility in a fiduciary capacity for the benefit of the insurer.
(6) A self-storage facility may receive from an insurer or a supervising entity compensation for billing and collection services. Compensation described in this subdivision may be dependent on the sale of self-storage insurance.
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-15. Violations

Sec. 15. (a) This section supplements and does not limit the actions that may be taken by the commissioner for a violation under IC 27-1-15.6.
(b) If a self-storage facility or an employee or authorized representative of a self-storage facility violates this chapter, the commissioner may do any of the following:
(1) After notice and hearing, impose on the self-storage facility a civil penalty of at least fifty dollars ($50) and not more than ten thousand dollars ($10,000).
(2) After notice and hearing, impose other penalties that the commissioner considers necessary and reasonable, including:
(A) suspending the privilege of transacting self-storage insurance under this chapter at specific self-storage facility locations where violations have occurred; and
(B) suspending or revoking the ability of an individual employee or authorized representative to act under the self-storage facility's limited lines producer's license.
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 16.1. Self-Storage Insurance › 27-1-16.1-16. Application for Limited Lines Producer's License

Sec. 16. (a) A self-storage facility shall apply for a limited lines producer's license required by this chapter by filing a sworn application for the license with the commissioner on forms prescribed and furnished by the commissioner.
(b) An application filed under subsection (a) must include the following information:
(1) The name, residence address, and other information required by the commissioner for an employee or officer of the self-storage facility who is designated by the self-storage facility as the individual who is responsible for the self-storage facility's compliance with this chapter.
(2) The physical address of the self-storage facility's home office.
As added by P.L.81-2013, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 17. Admission of Foreign and Alien Companies to Transact Business in Indiana › 27-1-17-1. Necessity of Certificate of Authority

Sec. 1. Any foreign or alien insurance company organized for the purpose of transacting any insurance business, not qualified as of March 8, 1935, to transact business in this state, before transacting business in this state shall procure a certificate of authority from the department in the manner provided in this chapter and shall otherwise comply with the provisions and be subject to the regulations set forth in this chapter.
Formerly: Acts 1935, c.162, s.226. As amended by P.L.252-1985, SEC.71.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 17. Admission of Foreign and Alien Companies to Transact Business in Indiana › 27-1-17-2. Equality of Treatment Between Domestic Companies and Foreign or Alien Companies; Exception

Sec. 2. No foreign or alien company shall be admitted for the purpose of transacting any kind or kinds of insurance business in this state, the transaction of which by a domestic company is not permitted by the laws of this state; provided, however, that where a foreign or alien company whose charter provides for the transaction of the kind or kinds of insurance described in more than one (1) class of IC 27-1-5-1 has been transacting business in this state under a certificate of authority issued by the insurance department or insurance commissioner prior to March 8, 1935, such company may be issued a certificate of authority under the provisions of this article to make the kind or kinds of insurance provided by its charter. A foreign or alien insurance company admitted to do an insurance business in this state shall have the same but no greater rights and privileges than a domestic company.
Formerly: Acts 1935, c.162, s.227. As amended by P.L.252-1985, SEC.72.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 17. Admission of Foreign and Alien Companies to Transact Business in Indiana › 27-1-17-3. Name

Sec. 3. No foreign or alien insurance company shall be admitted to do business in this state having a name which, at the date of such admission, could not be taken by a domestic corporation under the provisions of IC 27-1-6-3, except that the name of a foreign or alien insurance company need not include the word "company", "corporation", "incorporated", or "mutual", or one (1) of the abbreviations thereof, nor the word "insurance" or the word "assurance" provided the name of such company is authorized by the laws of the state or territory of its organization or domicile and provided such name does not negate the characteristic of such company as an insurance company. No such foreign or alien insurance company after it has been admitted shall, by amendment to its charter, assume any name which, at the date of the filing of such amendment as provided in this chapter, could not be taken by a domestic corporation under the provisions of IC 27-1-6-3.
Formerly: Acts 1935, c.162, s.228; Acts 1969, c.164, s.7. As amended by P.L.252-1985, SEC.73.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 17. Admission of Foreign and Alien Companies to Transact Business in Indiana › 27-1-17-4.2. Service of Process in Action on Surety Bonds

Sec. 4.2. (a) A foreign or alien insurance company that provides a surety bond that is required or permitted under the law of the United States shall execute a power of attorney in a form prescribed by the department irrevocably appointing the commissioner as the insurance company's agent for service of process in an action on the surety bond if the:
(1) surety bond was provided in Indiana; and
(2) service of process under this section is in addition to another method of service of process authorized by law or court rule.
(b) Service of process under this section has the same effect as personal service on the insurance company.
(c) Upon receipt of process described in this section, the commissioner shall forward the process to the resident agent designated by the insurance company under section 4(7) of this chapter.
(d) The commissioner may adopt rules under IC 4-22-2 to establish reasonable fees for the acceptance of process described in this section. Fees collected under rules adopted under this subsection must be deposited in the department of insurance fund established by IC 27-1-3-28.
As added by P.L.193-2006, SEC.6.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 17. Admission of Foreign and Alien Companies to Transact Business in Indiana › 27-1-17-5. Capital and Surplus or Surplus of Assets Over Liabilities; Investment of Surplus

Sec. 5. (a) Every foreign insurance company authorized to do business in this state shall have, in the case of a stock company, at least the capital and surplus required of a domestic insurance company which makes the same kind or kinds of insurance.
(b) Every foreign insurance company authorized to do business in this state shall have, in the case of other than a stock company, at least the assets with a surplus of assets over all liabilities required of a domestic insurance company which makes the same kind or kinds of insurance, and an additional contingent liability of its policyholders equal to not less than the cash premium expressed in the policies in force, if such contingent liability is required of a like domestic insurance company.
(c) Every alien insurance company authorized to do business in this state shall have the surplus of assets invested according to the laws of the state in the United States, wherein it has its deposit, held in the United States in trust for the benefit and security of all its policyholders and creditors in the United States, over all its liabilities in the United States, of an amount equal to the surplus of assets required of a like domestic insurance company.
Formerly: Acts 1935, c.162, s.230.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 17. Admission of Foreign and Alien Companies to Transact Business in Indiana › 27-1-17-6. Deposit

Sec. 6. Every alien company shall deposit with the department securities of the amount and value of one hundred thousand dollars ($100,000) invested in the classes of securities in which insurance companies are permitted by the laws of this state to make investments, or, satisfy the department that it has on deposit with the proper official of a state of the United States, authorized by the laws of such state to accept such deposit, securities of the amount and value of one hundred thousand dollars ($100,000), of the classes in which like insurance companies of such state are permitted to make their investments, for the benefit and security of all its policyholders and creditors in the United States, and the company shall file with the department the certificate of such official of any such deposit held by him.
Formerly: Acts 1935, c.162, s.231.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 17. Admission of Foreign and Alien Companies to Transact Business in Indiana › 27-1-17-7. Trustees of Assets of Alien Insurer

Sec. 7. The directors of an alien company may appoint citizens or corporations of the United States, approved by the commissioner, as its trustees to hold funds and assets in trust for the benefit of the policyholders and creditors of the company in the United States. A certified copy of the record of such appointment and of the deed of trust shall be filed with the commissioner, who may examine such trustees and any officers and agents, books and papers of the company in the same manner as he may examine officer, agents, books, papers and affairs of insurance companies. The funds and assets so held by such trustees shall, with the deposits otherwise made by the company and the funds and assets held by the company in the United States for the benefit of its policyholders and creditors in the United States, constitute the assets of the company for the purpose of making its financial statements required by this law.
Formerly: Acts 1935, c.162, s.232.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 17. Admission of Foreign and Alien Companies to Transact Business in Indiana › 27-1-17-8. Issuance of Certificate of Authority

Sec. 8. When any foreign or alien insurance company has complied with the provisions of sections 1 through 7 of this chapter, then the commissioner may issue a certificate of authority, pursuant to IC 27-1-3-20, which shall license such foreign or alien insurance company to transact only the kind or kinds of insurance specified in its application for admission, and which shall expire on midnight of April 30 next, following the date of issuance.
Formerly: Acts 1935, c.162, s.233. As amended by P.L.252-1985, SEC.75.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 18. Additional Provisions Pertaining to Foreign and Alien Companies › 27-1-18-1. Policy Provisions; Foreign Insurers; Domestic Insurers Doing Business in Foreign State

Sec. 1. The policies of a foreign or alien life insurance company, may, when issued in this state, contain any provision which the laws of the state, territory, district, or country under which the company is organized prescribes shall be in such policies and the method of valuation of such policies required by the laws of the state, territory, district, or country where such company is organized, shall be accepted by the department, and the policies of a life insurance company organized under the laws of this state may, when issued or delivered in any other state, territory, district, or country contain any provisions required by the laws of the state, territory, district, or country in which the same are issued or delivered, anything in this article other than in IC 27-1-12-5(5) to the contrary notwithstanding, provided that the provisions of the laws of such state, territory, district, or country are shown to the satisfaction of the department to as carefully safeguard the policyholders as do the laws of this state.
Formerly: Acts 1935, c.162, s.234. As amended by P.L.252-1985, SEC.76.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 18. Additional Provisions Pertaining to Foreign and Alien Companies › 27-1-18-3. Amendment of Articles; Filing Copies; Effect

Sec. 3. Each foreign or alien corporation admitted to do business in this state shall keep on file in the office of the department a duly authenticated copy of each instrument amending its articles of incorporation or association, but the filing of any such instrument shall not of itself enlarge or alter the character of business which the foreign corporation is authorized to transact in this state as set forth in the certificate of admission, unless such foreign corporation apply for and receive an amended certificate of admission as provided for in section 4 of this chapter.
Formerly: Acts 1935, c.162, s.236. As amended by P.L.252-1985, SEC.78.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 18. Additional Provisions Pertaining to Foreign and Alien Companies › 27-1-18-4. Amended Certificate of Authority

Sec. 4. (a) Any foreign or alien corporation admitted to do business in this state may alter or enlarge the character of the business which it is authorized to transact in this state under its articles of incorporation or association, and any amendments thereof filed with the department as provided in section 3 of this chapter, by procuring an amended certificate of authority from the department in the manner provided in subsection (b).
(b) Whenever a foreign or alien corporation desires to procure such amended certificate, it shall present to the department at its office, accompanied by the fees prescribed by law, an application for an amended certificate of authority, setting forth the change desired in the kind or kinds of insurance business under its articles of incorporation or association which it intends to thereafter carry on in this state; the application shall be filed in the form prescribed by the department by the president or a vice president and the secretary or an assistant secretary of the corporation, and verified by the oaths of the officers signing the same.
(c) Upon the presentation of such application, accompanied by the corporation's certificate of authority, the department, if it finds that it conforms to law and that the foreign or alien company has fulfilled the requirements set forth in subsection (b) and in section 3 of this chapter, may endorse its approval upon the application, and, in case of the approval of such application and when all fees required by law shall have been paid, shall file one (1) copy of the application in its office, cancel the certificate of authority presented with the application, and issue to the corporation a new certificate of authority, which certificate shall set forth the kind or kinds of business that the corporation is authorized thereafter to transact in this state, which shall be accompanied by one (1) copy of the application bearing the endorsement of the approval of the department.
(d) Upon the issuance of the new certificate of authority by the department, the corporation named in the certificate of authority shall have authority thereafter to transact in this state the kind or kinds of insurance business set forth in such certificate, subject to the terms and conditions prescribed in this article.
Formerly: Acts 1935, c.162, s.237. As amended by P.L.252-1985, SEC.79; P.L.11-2011, SEC.15; P.L.136-2018, SEC.163.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 18. Additional Provisions Pertaining to Foreign and Alien Companies › 27-1-18-5. Condensed Statement of Assets and Liabilities; Examination; Correction of Statement; Publication; Expense

Sec. 5. At the time of filing its annual statement, an alien or foreign company shall submit, on a form prescribed by the department, a condensed statement of its assets and liabilities as of December 31 of the preceding year. If the department, on examination of such statement, determines from information available to it that it is true and correct, it shall cause such statement to be published in a newspaper in this state selected by the department. In the event the department determines that the statement submitted by a company is inaccurate or incorrect, it shall, after giving the company notice of the proposed changes and an opportunity to be heard, certify the corrected statement and proceed with its publication as above provided. The company shall bear the expenses of the publication, but in no event shall an amount exceeding forty dollars ($40) be charged for such publication. Any cost of publication that exceeds forty dollars ($40) must be borne by the newspaper publishing the statement.
Formerly: Acts 1935, c.162, s.238; Acts 1971, P.L.385, SEC.4. As amended by P.L.267-1987, SEC.2; P.L.160-2003, SEC.3.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 18. Additional Provisions Pertaining to Foreign and Alien Companies › 27-1-18-6. Procedure for Withdrawal

Sec. 6. (a) Any foreign or alien corporation admitted to do business in this state may withdraw from this state by surrendering its certificate of authority and by filing with the department, accompanied by the fees prescribed by law, a statement of withdrawal setting forth:
(1) the name of the corporation and the state, country, province, or government wherein it is incorporated or organized, or the state in which it is domiciled in the United States;
(2) the date of the issuance of the original certificate of authority;
(3) that it surrenders its authority to transact business in this state and returns for cancellation its certificate of authority; and
(4) a post office address to which the commissioner may mail a copy of any process against the withdrawing company that may be served upon him.
(b) Such statement shall be signed, in the form prescribed by the department, by the president or a vice president and the secretary or an assistant secretary of the corporation, and shall be verified by the oaths of the officers signing the same.
(c) The statement as provided for in this section shall be filed with the department, accompanied by a report of taxable premiums as provided for in section 2 of this chapter, the amount of tax shown to be due and payable by such report, its certificate of authority, and after the payment of the fees prescribed by law, the department shall cancel the certificate of authority and endorse the same thereon, and return such cancelled certificate to the company, and the authority of the company to transact an insurance business in this state shall cease, but the withdrawal and cessation of business shall not affect any action by or against such corporation pending at the time thereof, or any right of action existing at or before the filing of such statement, in favor of or against such company.
Formerly: Acts 1935, c.162, s.239. As amended by P.L.252-1985, SEC.80.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 19. Reorganization of Foreign Companies Into Domestic Companies › 27-1-19-1. Authority to Reorganize as Domestic Company

Sec. 1. Any foreign life insurance company authorized to do business in this state, and empowered by the laws of the state, territory or insular possession of the United States, or the District of Columbia under which it was incorporated to reincorporate, is hereby authorized to reorganize under the laws of this state by compliance with the provisions of this chapter and thereafter be a new corporation of this state under this article.
Formerly: Acts 1935, c.162, s.240. As amended by P.L.252-1985, SEC.81.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 19. Reorganization of Foreign Companies Into Domestic Companies › 27-1-19-2. Articles of Reorganization; Adoption by Directors; Contents

Sec. 2. (a) The board of directors of any such company desiring to reorganize under this article shall, after full compliance with the laws of state, territory, or insular possession of the United States, or the District of Columbia, under which the company was incorporated or organized, by a resolution adopted by a majority vote of the members of such board, approve and adopt articles of reorganization setting forth:
(1) the name of the company;
(2) the location of its principal office and the location of its proposed principal office in this state;
(3) the date of its incorporation or organization;
(4) a designation of the statute under which it was organized;
(5) a declaration that it accepts all of the terms and provisions of this article; and
(6) a restatement of such provisions of its articles of incorporation or association as may be deemed advisable so long as the provisions restated would have been authorized by this article as provisions of original articles of incorporation for a company organized under this article.
(b) Upon the approval and adoption thereof by the board of directors, the articles of reorganization shall be executed and signed in triplicate originals by the president and the secretary of the company, and acknowledged and sworn to before an officer authorized to take the acknowledgments of deeds by the officers signing the same.
Formerly: Acts 1935, c.162, s.241. As amended by P.L.252-1985, SEC.82.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 19. Reorganization of Foreign Companies Into Domestic Companies › 27-1-19-3. Articles of Reorganization; Presentation and Approval

Sec. 3. The articles of reorganization shall be presented to the department, accompanied by a certified copy of the resolution of the board of directors adopting and approving the same, signed by the president and secretary of the company. The department may approve or disapprove the articles of reorganization, in the same manner as provided in IC 27-1-6-8. In the event the department approves the articles of reorganization as provided, it shall then submit them to the attorney general for the state of Indiana, who shall examine such articles and endorse his approval thereon and return them to the department in the same manner as provided in IC 27-1-6-9. When the articles of reorganization have been approved by the attorney general and returned to the department, the department shall present them to the secretary of state for the state of Indiana, who shall endorse his approval thereon in the same manner as provided in IC 27-1-6-10 and file one (1) copy in his office and return the other two (2) copies to the company or its representatives.
Formerly: Acts 1935, c.162, s.242. As amended by P.L.252-1985, SEC.83.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 19. Reorganization of Foreign Companies Into Domestic Companies › 27-1-19-4. Certificate of Authority

Sec. 4. When the provisions of sections 1, 2, and 3 of this chapter have been complied with and the applicant has fulfilled all the requirements imposed by this article upon a similar domestic company doing a like business, then the commissioner may, in his discretion, issue a certificate of authority as provided in IC 27-1-6-18.
Formerly: Acts 1935, c.162, s.243. As amended by P.L.252-1985, SEC.84.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 19. Reorganization of Foreign Companies Into Domestic Companies › 27-1-19-5. Continuation of Existing Obligations

Sec. 5. Any such corporation so organizing under the provisions of this article is hereby required to faithfully carry out any and all rights, duties, obligations, contracts, and any and all other liabilities of every kind and description existing in its favor or against it at the time of its reorganization under the provisions of this article, and it shall have the rights, privileges, powers, duties, and responsibilities, unchanged and unaffected, which it had at the time of such reorganization under the provisions of this article; nothing contained in this chapter or authorized by this chapter shall impair or operate to impair the obligations of any contract existing at the time of the creation of the new corporation, but such new corporation shall be subject to and shall assume, carry out, fulfill, and pay all liabilities, obligations, responsibilities, and contracts connected with and arising out of its business prior to such reincorporation.
Formerly: Acts 1935, c.162, s.244. As amended by P.L.252-1985, SEC.85.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 19. Reorganization of Foreign Companies Into Domestic Companies › 27-1-19-6. Vesting of Assets in New Corporation; Name; Treatment of Real Estate

Sec. 6. Upon compliance with the provisions of this article, the entire assets of any such corporation shall thereby become vested in the new corporation. The name of the new corporation may be the same as the former corporation, or, upon resolution of the board of trustees or directors or other governing body, such name may be changed. If such corporation shall be the owner of any real estate situate in said state of Indiana or of any other state, such real estate shall become vested, upon compliance with this statute, in the new corporation, and a copy of such resolution, duly certified by the secretary of state and filed in the recorder's office of the proper county in which such real estate may be situated, shall constitute a conveyance of said real estate to said new corporation.
Formerly: Acts 1935, c.162, s.245. As amended by P.L.252-1985, SEC.86.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 19. Reorganization of Foreign Companies Into Domestic Companies › 27-1-19-7. Reports; Regulation and Supervision; Location of Principal Office

Sec. 7. Such new corporation shall hereafter make its reports in accordance with the laws of the state of Indiana, and shall be subject to the exclusive regulation and supervision of the department of insurance of the state of Indiana, and thereafter shall make its applications for the purpose of doing business in other states, and countries, as a corporation of the state of Indiana, and shall be subject to regulation and supervision by the insurance departments of other states and countries as a foreign insurance company. In its resolution for reincorporation under this law, it shall state the location of its principal office, which shall be in this state.
Formerly: Acts 1935, c.162, s.246.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 19. Reorganization of Foreign Companies Into Domestic Companies › 27-1-19-8. Directors

Sec. 8. The board of directors, or other governing body, of such corporation, shall remain for the new corporation, the same as for the old, until changed by the board of directors of the new corporation. Their election and terms of office shall remain the same as they were prior to the new incorporation.
Formerly: Acts 1935, c.162, s.247.
2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 20. Additional Provisions Pertaining to All Insurance Companies › 27-1-20-1. Insurance of Deposited Securities

Sec. 1. The department, in the name of the State of Indiana, and for the benefit of the owners of all securities subject to negotiation by delivery, and deposited with the department or under its supervision, shall purchase and maintain insurance, in an aggregate amount not to exceed one million dollars, against loss from any cause that the department may deem appropriate.
Formerly: Acts 1935, c.162, s.248; Acts 1971, P.L.385, SEC.5.