§ 27-1-7-22 — Vouchers for disbursements

Indiana § 27-1-7-22

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

Text

No domestic insurance corporation shall make
any disbursement of one hundred dollars ($100) or more unless the
same be evidenced by a voucher signed by or on behalf of the person,
firm, limited liability company, or corporation receiving the money and
correctly describing the consideration for the payment, and if the same
be for services and disbursements, setting forth the services rendered
and an itemized statement of the disbursements made, and if it be in
connection with any matter pending before any legislative or public
body or before any department or officer of any government, correctly
describing in addition the nature of the matter and of the interest of
such corporation in the matter, or, if such a voucher can not be
obtained, by an affidavit stating the reasons the voucher cannot be
obtained and setting forth the particulars above mentioned.
Formerly: Acts 1935, c.162, s.99. As amended by P.L.8-1993,
SEC.411; P.L.136-2018, SEC.151.