Indiana § 27-1-6-1 Authority to incorporate; excluded kinds of insurance

Indiana Statutes

§ 27-1-6-1 — Authority to incorporate; excluded kinds of insurance

Indiana § 27-1-6-1

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 6Formation of Domestic Companies

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Bluebook

Ind. Code § 27-1-6-1 (2026).

Text

Any number of natural persons, not less than
seven (7), all of whom are eighteen (18) years of age or older, at least
a majority of whom are residents of the state of Indiana and citizens of
the United States, may form a corporation under the provisions of this
chapter for the purpose of making any kind or kinds of insurance
described in any one class set out in IC 27-1-5-1, other than reciprocal,
farm mutual, fraternal, and assessment insurance, by complying with
the provisions of this chapter.
Formerly: Acts 1935, c.162, s.61; Acts 1973, P.L.270, SEC.1.
As amended by P.L.252-1985, SEC.15.

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Any number of natural persons, not less than
seven (7), all of whom are eighteen (18) years of age or older, at least
a majority of whom are residents of the state of Indiana and citizens of
the United States, may form a corporation under the provisions of this
chapter for the purpose of making any kind or kinds of insurance
described in any one class set out in IC 27-1-5-1, other than reciprocal,
farm mutual, fraternal, and assessment insurance, by complying with
the provisions of this chapter.
Formerly: Acts 1935, c.162, s.61; Acts 1973, P.L.270, SEC.1.
As amended by P.L.252-1985, SEC.15.