Indiana § 27-1-35-18 Civil actions by receivers

Indiana Statutes

§ 27-1-35-18 — Civil actions by receivers

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 35 Business Transacted With Producer Controlled Property

If an order for liquidation or rehabilitation
of the controlled insurer has been entered under IC 27-9, and the
receiver appointed under that order believes that the controlling
producer or any other person has not materially complied with this
chapter or any rule or order adopted under this chapter, and the insurer
suffered any loss or damage therefrom, the receiver may maintain a
civil action for recovery of damages or other appropriate sanctions for
the benefit of the insurer.

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If an order for liquidation or rehabilitation
of the controlled insurer has been entered under IC 27-9, and the
receiver appointed under that order believes that the controlling
producer or any other person has not materially complied with this
chapter or any rule or order adopted under this chapter, and the insurer
suffered any loss or damage therefrom, the receiver may maintain a
civil action for recovery of damages or other appropriate sanctions for
the benefit of the insurer.

Indiana § 27-1-35-18 (Civil actions by receivers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.