Indiana § 27-11-8-4 Examination of societies transacting or applying for admission to
transact business in Indiana; expenses

Indiana Statutes

§ 27-11-8-4 — Examination of societies transacting or applying for admission to transact business in Indiana; expenses

Indiana·Title 27 INSURANCE·Art. 11 FRATERNAL BENEFIT SOCIETIES·Ch. 8 Regulation

(a)The commissioner or any person the commissioner may appoint may examine any domestic, foreign, or alien society transacting or applying for admission to transact business in Indiana in the same manner as authorized for examination of domestic, foreign, or alien insurers. Requirements of notice and an opportunity to respond before findings are made public as provided in the laws regulating insurers shall also be applicable to the examination of societies.

(b)The expense of each examination and of each valuation, including compensation and actual expense of examiners, shall be paid by the society examined or whose certificates are valued, upon statements furnished by the commissioner.

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(a) The commissioner or any person the
commissioner may appoint may examine any domestic, foreign, or
alien society transacting or applying for admission to transact business
in Indiana in the same manner as authorized for examination of
domestic, foreign, or alien insurers. Requirements of notice and an
opportunity to respond before findings are made public as provided in
the laws regulating insurers shall also be applicable to the examination
of societies.
(b) The expense of each examination and of each valuation,
including compensation and actual expense of examiners, shall be paid
by the society examined or whose certificates are valued, upon
statements furnished by the commissioner.

Indiana § 27-11-8-4 (Examination of societies transacting or applying for admission to transact business in Indiana; expenses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.