§ 27-1-1-2 — Insurance commissioner

Indiana § 27-1-1-2

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 1: Department Created

Text

(a) The powers, duties, management and control
of the department of insurance are hereby conferred on and vested in
the "insurance commissioner". The insurance commissioner shall be
appointed by the governor, and shall be familiar with and known to
possess a knowledge of the subject of insurance and be skilled in
matters pertaining thereto and shall be chosen solely for fitness,
irrespective of political beliefs or affiliations. The commissioner shall
serve and may be removed at the pleasure of the governor, and shall be
the chief executive and administrative officer of the department. The
commissioner shall take an oath of office and give bond in the sum of
fifty thousand dollars ($50,000) with surety to be approved by the
governor for the faithful performance of his duties.
(b) The commissioner is authorized to attend and participate in the
meetings of the national convention of insurance commissioners and
of the committees thereof and may require the deputies, actuaries, and
assistants that the commissioner may designate to attend and
participate in such meetings. If the commissioner deems it advisable,
the commissioner may request the attorney general or a deputy attorney
general to attend and participate in such meetings. The commissioner
and the deputies, actuaries, assistants, and attorneys of the department
of insurance shall aid in promoting improvements in the insurance laws
and the uniformity thereof in the several states. The expense of such
attendance by the commissioner, and the deputies, actuaries, assistants,
and attorneys shall be paid by the treasurer of state upon the warrant of
the commissioner certifying that the commissioner has examined and
approved the charges for such expenses.
Formerly: Acts 1945, c.351, s.2; Acts 1959, c.351, s.1. As
amended by P.L.100-2012, SEC.62.