Indiana Statutes
§ 27-1-3-27 — Order to limit or disallow payment of ordinary shareholder dividends
Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 3 General Powers and Duties of the Department
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Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10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"