§ 27-1-38-12 — Commissioner examination and investigation

Indiana § 27-1-38-12

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 38: Regulation of Depository Institutions

Text

(a) The commissioner may examine and
investigate the insurance activities of a person that the commissioner
believes to be in violation of this chapter. A person examined or
investigated under this section shall, upon reasonable notice from the
commissioner, make the insurance related books and records of the
person available to the commissioner.
(b) In the case of an examination or investigation of a depository
institution under subsection (a), the commissioner shall, before
performing the examination or investigation:
(1) notify the federal or state banking agency that regulates the
depository institution that the commissioner intends to examine
or investigate the depository institution; and
(2) advise the federal or state banking agency of the depository
institution's suspected violation of this section.

Legislative History

As added by P.L.130-2002, SEC.2.