§ 27-1-1-1 — Creation; functions

There is hereby created a department in the state
government of the state of Indiana which shall be known as the
department of insurance. Said department shall have charge of the
organization, supervision, regulation, examination, rehabilitation,
liquidation, and/or conservation of all insurance companies to which
this title is applicable, shall have charge of the enforcement,
administration, and execution of the provisions of this title and the
provisions of any other statute applicable to insurance companies, to
the insurance department, or to the insurance commissioner, and shall
exercise such other powers and perform such other duties as may at any
time be imposed or conferred on the department by law. Wherever by
any of the provisions of any statute any right, power, or duty is imposed
or conferred on the department, the right, power, or duty so imposed or
conferred shall be possessed and exercised by the insurance
commissioner, unless otherwise provided in that statute, or unless any
such right, power, or duty is delegated to the duly appointed deputies,
assistants, or employees of the department, or any of them, by an
appropriate rule or order of the insurance commissioner.
Formerly: Acts 1945, c.351, s.1. As amended by P.L.252-1985,
SEC.1.