Indiana § 27-1-20-19 Misrepresentation of funds available to pay losses or policy claims

Indiana Statutes

§ 27-1-20-19 — Misrepresentation of funds available to pay losses or policy claims

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

No company doing business in this state or
agent thereof shall state or represent by advertisement in any
newspaper, periodical or magazine or by any sign, circular, card, policy
of insurance or certificate of renewal thereof or otherwise that any
funds or assets are in possession of such company which are not
actually owned by it and available for the payment of losses and claims
and held for the protection of its policyholders and creditors. Funds
deposited by any company, under depository laws of this or other
states, shall be considered as in the company's possession for the
payment of losses or policy claims.
Formerly: Acts 1935, c.162, s.267.

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No company doing business in this state or
agent thereof shall state or represent by advertisement in any
newspaper, periodical or magazine or by any sign, circular, card, policy
of insurance or certificate of renewal thereof or otherwise that any
funds or assets are in possession of such company which are not
actually owned by it and available for the payment of losses and claims
and held for the protection of its policyholders and creditors. Funds
deposited by any company, under depository laws of this or other
states, shall be considered as in the company's possession for the
payment of losses or policy claims.
Formerly: Acts 1935, c.162, s.267.

Indiana § 27-1-20-19 (Misrepresentation of funds available to pay losses or policy claims) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.