Indiana § 27-1-20-14 Pension plan for officers and employees

Indiana Statutes

§ 27-1-20-14 — Pension plan for officers and employees

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 20 Additional Provisions Pertaining to All Insurance

Any insurance company organized under the
laws of this state, in addition to the rights and powers conferred upon
it by the law under which it was organized and/or under which it
operates, shall have the power to establish a pension plan or system for
the benefit of its officers and employees. Before such a plan or system
is adopted by a company, it shall be submitted to and approved by the
commissioner of insurance.
Formerly: Acts 1935, c.162, s.262a.

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Any insurance company organized under the
laws of this state, in addition to the rights and powers conferred upon
it by the law under which it was organized and/or under which it
operates, shall have the power to establish a pension plan or system for
the benefit of its officers and employees. Before such a plan or system
is adopted by a company, it shall be submitted to and approved by the
commissioner of insurance.
Formerly: Acts 1935, c.162, s.262a.

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