Indiana § 27-1-17-2 Equality of treatment between domestic companies and foreign or alien
companies; exception

Indiana Statutes

§ 27-1-17-2 — Equality of treatment between domestic companies and foreign or alien companies; exception

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 17 Admission of Foreign and Alien Companies to Transact

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 

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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.

Indiana § 27-1-17-2 (Equality of treatment between domestic companies and foreign or alien companies; exception) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.