Indiana Statutes
§ 27-1-3-27 — Order to limit or disallow payment of ordinary shareholder dividends
Indiana § 27-1-3-27
JurisdictionIndiana
Title 27INSURANCE
Art. 1DEPARTMENT OF INSURANCE
Ch. 3General Powers and Duties of the Department
This text of Indiana § 27-1-3-27 (Order to limit or disallow payment of ordinary shareholder dividends) 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 § 27-1-3-27 (2026).
Text
The department shall establish and follow a
practice under which the department issues an order to limit or disallow
the payment of ordinary shareholder dividends by a domestic insurer
if the domestic insurer is found to be financially distressed or troubled.
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Legislative History
As added by P.L.130-1994, SEC.6 and P.L.116-1994,
SEC.10.
Nearby Sections
15
§ 27-1-1-1
Creation; functions§ 27-1-1-2
Insurance commissioner§ 27-1-1-3
Personnel§ 27-1-1-4
Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10
"Annual Statement Blank"§ 27-1-1.5-11
"Annual Statement Instructions"§ 27-1-1.5-12
"Current Dental Terminology"; "CDT"§ 27-1-1.5-13
"Current Procedural Terminology"; "CPT"§ 27-1-1.5-15
"Financial Analysis Handbook"§ 27-1-1.5-16
"Financial Condition Examiner's Handbook"§ 27-1-1.5-18
"Healthcare Common Procedure Coding System"; "HCPCS"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 27-1-3-27, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-1-3-27.