Indiana § 27-1-9-2 Effect of article on corporate powers and kinds of business

Indiana Statutes

§ 27-1-9-2 — Effect of article on corporate powers and kinds of business

Indiana § 27-1-9-2

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 9Merger, Consolidation, and Reinsurance

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Bluebook

Ind. Code § 27-1-9-2 (2026).

Text

Nothing contained in this chapter shall be
construed to enlarge the corporate powers of any insurance company,
nor to authorize any insurance company to engage in any kind or kinds
of insurance business not authorized by its articles of incorporation, nor
to authorize any foreign insurance company to engage in any kind or
kinds of insurance business in this state not covered by its certificate
of authority to do business in this state.
Formerly: Acts 1935, c.162, s.115. As amended by
P.L.252-1985, SEC.40.

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Nothing contained in this chapter shall be
construed to enlarge the corporate powers of any insurance company,
nor to authorize any insurance company to engage in any kind or kinds
of insurance business not authorized by its articles of incorporation, nor
to authorize any foreign insurance company to engage in any kind or
kinds of insurance business in this state not covered by its certificate
of authority to do business in this state.
Formerly: Acts 1935, c.162, s.115. As amended by
P.L.252-1985, SEC.40.