Indiana § 27-1-7-20 Authority of corporations, boards, and associations to insure with
mutual insurance company

Indiana Statutes

§ 27-1-7-20 — Authority of corporations, boards, and associations to insure with mutual insurance company

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 7 General Corporate Powers and Responsibilities of

Any public or private corporation, board or
association in this state or elsewhere may make applications, enter into
agreements for, and hold policies in, any mutual insurance company.
Any officer, stockholder, trustee or legal representative of any such
company, board, association, or estate may be recognized as acting for
or on its behalf for the purposes of such membership, but shall not be
personally liable upon such contract of insurance by reason of acting
in such representative capacity.
Formerly: Acts 1935, c.162, s.97a.

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Any public or private corporation, board or
association in this state or elsewhere may make applications, enter into
agreements for, and hold policies in, any mutual insurance company.
Any officer, stockholder, trustee or legal representative of any such
company, board, association, or estate may be recognized as acting for
or on its behalf for the purposes of such membership, but shall not be
personally liable upon such contract of insurance by reason of acting
in such representative capacity.
Formerly: Acts 1935, c.162, s.97a.

Indiana § 27-1-7-20 (Authority of corporations, boards, and associations to insure with mutual insurance company) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.