Indiana § 27-1-17-4.2 Service of process in action on surety bonds

Indiana Statutes

§ 27-1-17-4.2 — Service of process in action on surety bonds

Indiana § 27-1-17-4.2

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 17Admission of Foreign and Alien Companies to Transact

This text of Indiana § 27-1-17-4.2 (Service of process in action on surety bonds) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-1-17-4.2 (2026).

Text

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

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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.