Indiana § 27-1-3-4 Business practices of insurance companies

Indiana Statutes

§ 27-1-3-4 — Business practices of insurance companies

Indiana § 27-1-3-4

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 3General Powers and Duties of the Department

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Bluebook

Ind. Code § 27-1-3-4 (2026).

Text

Every insurance company to which this article is applicable:

(1)shall conduct and transact its business in a safe and prudent manner;

(2)shall maintain such company in a safe and solvent condition; and

(3)shall establish and maintain safe and sound methods for the conduct of such insurance company and its business and prudential affairs. Formerly: Acts 1935, c.162, s.11. As amended by P.L.252-1985, SEC.6.

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Every insurance company to which this article
is applicable:
(1) shall conduct and transact its business in a safe and prudent
manner;
(2) shall maintain such company in a safe and solvent condition;
and
(3) shall establish and maintain safe and sound methods for the
conduct of such insurance company and its business and
prudential affairs.
Formerly: Acts 1935, c.162, s.11. As amended by P.L.252-1985,
SEC.6.