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 § 27-1-7-20

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 7General Corporate Powers and Responsibilities of

This text of Indiana § 27-1-7-20 (Authority of corporations, boards, and associations to insure with mutual insurance company) 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 § 27-1-7-20 (2026).

Text

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.