Indiana § 27-1-22-14 Regulation of organization of insurers engaging in joint underwriting
or joint reinsurance; unfair or unreasonable practices

Indiana Statutes

§ 27-1-22-14 — Regulation of organization of insurers engaging in joint underwriting or joint reinsurance; unfair or unreasonable practices

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 22 Regulation of Insurance Rates

(a)Every group, association, or other organization of insurers which engages in joint underwriting or joint reinsurance shall be subject to regulation with respect thereto as provided in this chapter, subject, however, with respect to joint underwriting, to all other provisions of this chapter and with respect to joint reinsurance, to section 15 of this chapter.

(b)If, after a hearing, the commissioner finds that any activity or practice of any such group, association, or other organization is unfair or unreasonable or otherwise inconsistent with the provisions of this chapter, he may issue a written order specifying in what respects such activity or practice is unfair or unreasonable or otherwise inconsistent with the provisions of this chapter and requiring the discontinuance of such a

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(a) Every group, association, or other
organization of insurers which engages in joint underwriting or joint
reinsurance shall be subject to regulation with respect thereto as
provided in this chapter, subject, however, with respect to joint
underwriting, to all other provisions of this chapter and with respect to
joint reinsurance, to section 15 of this chapter.
(b) If, after a hearing, the commissioner finds that any activity or
practice of any such group, association, or other organization is unfair
or unreasonable or otherwise inconsistent with the provisions of this
chapter, he may issue a written order specifying in what respects such
activity or practice is unfair or unreasonable or otherwise inconsistent
with the provisions of this chapter and requiring the discontinuance of
such activity or practice.
Formerly: Acts 1967, c.133, s.14. As amended by P.L.252-1985,
SEC.117.

Indiana § 27-1-22-14 (Regulation of organization of insurers engaging in joint underwriting or joint reinsurance; unfair or unreasonable practices) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.