§ 27-11-8-5 — Requirements for issuance of license to transact business in Indiana

No foreign or alien society shall transact
business in Indiana without a license issued by the commissioner. Any
society desiring admission to Indiana shall comply substantially with
the requirements and limitations of this article applicable to domestic
societies. Any society may be licensed to transact business in Indiana
upon filing with the commissioner:
(1) a certified copy of its articles of incorporation;
(2) a copy of its bylaws, certified by its secretary or corresponding
officer;
(3) a power of attorney to the commissioner as prescribed in IC 27-11-9-1;
(4) a statement of its business under oath of its president and
secretary or corresponding officers in a form prescribed by the
commissioner, verified by an examination made by the
supervising insurance official of its home state or other state,
territory, province, or country and satisfactory to the
commissioner;
(5) certification from the proper official of its home state,
territory, province, or country that the society is legally
incorporated and licensed to transact business in that state,
territory, province, or country;
(6) copies of its certificate forms; and
(7) such other information as the commissioner considers
necessary;
and upon a showing that its assets are invested in accordance with this
chapter.

Legislative History

As added by P.L.262-1985, SEC.1. Amended by P.L.136-2018, SEC.204.