Indiana § 27-1-6.5-1 Foreign insurers; qualification as domestic insurer; requirements

Indiana Statutes

§ 27-1-6.5-1 — Foreign insurers; qualification as domestic insurer; requirements

Indiana § 27-1-6.5-1

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 6.5Redomestication of Insurers

This text of Indiana § 27-1-6.5-1 (Foreign insurers; qualification as domestic insurer; requirements) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-1-6.5-1 (2026).

Text

(a)Any foreign insurance company which is admitted to transact business in Indiana may, upon complying with the requirements for formation of a domestic company under IC 27-1-6, become a domestic insurer. When those requirements have been met, the commissioner may issue a certificate of authority, under IC 27-1-3-20, to permit the company to transact business in the state as a domestic company.

(b)A company which changes its status from foreign to domestic under subsection (a) has all the rights, titles, and interests in the assets of the original corporation, as well as all of its liabilities and obligations. The company shall be recognized as a company formed under the laws of this state as of the date of its incorporation in its original domiciliary state. As added by Acts 1980, P.L.1

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(a) Any foreign insurance company which is
admitted to transact business in Indiana may, upon complying with the
requirements for formation of a domestic company under IC 27-1-6,
become a domestic insurer. When those requirements have been met,
the commissioner may issue a certificate of authority, under IC 27-1-3-20, to permit the company to transact business in the state as a
domestic company.
(b) A company which changes its status from foreign to domestic
under subsection (a) has all the rights, titles, and interests in the assets
of the original corporation, as well as all of its liabilities and
obligations. The company shall be recognized as a company formed
under the laws of this state as of the date of its incorporation in its
original domiciliary state.
As added by Acts 1980, P.L.170, SEC.1.