Indiana § 27-1-6.5-3 Foreign insurers; change of domicile to another foreign state; merger
or consolidation conditions

Indiana Statutes

§ 27-1-6.5-3 — Foreign insurers; change of domicile to another foreign state; merger or consolidation conditions

Indiana § 27-1-6.5-3

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 6.5Redomestication of Insurers

This text of Indiana § 27-1-6.5-3 (Foreign insurers; change of domicile to another foreign state; merger or consolidation conditions) 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 § 27-1-6.5-3 (2026).

Text

Any foreign insurance company admitted to transact business in this state may, upon proper notice to the commissioner, change its domicile by merger, consolidation, or otherwise to another foreign state without interruption of its licensing and without reapplying as a foreign insurer if:

(1)the change in domicile does not result in a reduction in the company's assets or surplus below the requirements for admission as a foreign insurer under IC 27-1-17-5;

(2)there is no substantial change in the lines of insurance to be written by the company; and

(3)the change in domicile has been approved by the supervising regulatory officials of both the former and new state of domicile. As added by Acts 1980, P.L.170, SEC.1.

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Any foreign insurance company admitted to
transact business in this state may, upon proper notice to the
commissioner, change its domicile by merger, consolidation, or
otherwise to another foreign state without interruption of its licensing
and without reapplying as a foreign insurer if:
(1) the change in domicile does not result in a reduction in the
company's assets or surplus below the requirements for admission
as a foreign insurer under IC 27-1-17-5;
(2) there is no substantial change in the lines of insurance to be
written by the company; and
(3) the change in domicile has been approved by the supervising
regulatory officials of both the former and new state of domicile.
As added by Acts 1980, P.L.170, SEC.1.