Indiana § 27-1-20-23 Remedies of receivership exclusive with department; exception in
favor of judgment creditor

Indiana Statutes

§ 27-1-20-23 — Remedies of receivership exclusive with department; exception in favor of judgment creditor

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

No order, judgment, or decree providing for
an accounting or enjoining, restraining, or interfering with the
operation of the business of any insurance company, association, or
society, to which any provision of this article is applicable, or for the
appointment of a temporary or permanent receiver thereof, shall be
made or granted otherwise than upon the application of the department,
except in an action by a judgment creditor or in proceedings
supplemental to execution.
Formerly: Acts 1935, c.162, s.270a. As amended by
P.L.252-1985, SEC.96.

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No order, judgment, or decree providing for
an accounting or enjoining, restraining, or interfering with the
operation of the business of any insurance company, association, or
society, to which any provision of this article is applicable, or for the
appointment of a temporary or permanent receiver thereof, shall be
made or granted otherwise than upon the application of the department,
except in an action by a judgment creditor or in proceedings
supplemental to execution.
Formerly: Acts 1935, c.162, s.270a. As amended by
P.L.252-1985, SEC.96.

Indiana § 27-1-20-23 (Remedies of receivership exclusive with department; exception in favor of judgment creditor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.