Indiana § 27-16-4-2 Application

Indiana Statutes

§ 27-16-4-2 — Application

Indiana § 27-16-4-2

Title 27INSURANCE

Art. 16PROFESSIONAL EMPLOYER ORGANIZATIONS

Ch. 4Registration

This text of Indiana § 27-16-4-2 (Application) 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 § 27-16-4-2 (2026).

Text

(a)This section does not apply to an applicant for limited registration under section 6 of this chapter.

(b)An applicant for registration under this article shall file with the department the following information:

(1)The name or names under which the applicant conducts business.

(2)The address of the principal place of business of the applicant and the address of each office the applicant maintains in Indiana.

(3)The applicant's taxpayer or employer identification number.

(4)A list by jurisdiction of each name under which the applicant has operated in the preceding five (5) years, including any alternative names, names of predecessors, and, if known, successor business entities.

(5)A statement of ownership that includes the name and evidence of the business experience of any person

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(a) This section does not apply to an applicant
for limited registration under section 6 of this chapter.
(b) An applicant for registration under this article shall file with the
department the following information:
(1) The name or names under which the applicant conducts
business.
(2) The address of the principal place of business of the applicant
and the address of each office the applicant maintains in Indiana.
(3) The applicant's taxpayer or employer identification number.
(4) A list by jurisdiction of each name under which the applicant
has operated in the preceding five (5) years, including any
alternative names, names of predecessors, and, if known,
successor business entities.
(5) A statement of ownership that includes the name and evidence
of the business experience of any person that, individually or
acting in concert with one (1) or more other persons, owns or
controls, directly or indirectly, twenty-five percent (25%) or more
of the equity interests of the applicant.
(6) A statement of management that includes the name and
evidence of the business experience of any individual who serves
as president, chief executive officer, or otherwise has the
authority to act as senior executive officer of the applicant.
(7) Except as provided in subsections (c) and (d), a financial
statement:
(A) setting forth the financial condition of the applicant as of a
date not earlier than one hundred eighty (180) days before the
date the financial statement is submitted to the department;
(B) prepared in accordance with generally accepted accounting
principles; and
(C) audited by an:
(i) independent certified public accountant licensed to
practice in the jurisdiction in which the accountant is located;
or
(ii) individual who is certified under IC 25-2.1-3 or IC 25-2.1-4;
with a resulting audit report that is issued without qualification
as to the status of the applicant as a going concern.
(c) If a PEO has less than twelve (12) months of operating history
on which to base an audited financial statement, the PEO shall file a
financial statement that has been reviewed by an:
(1) independent certified public accountant licensed to practice in
the jurisdiction in which the accountant is located; or
(2) individual who is certified under IC 25-2.1-3 or IC 25-2.1-4.
(d) An applicant may apply to the department for an extension of
time in which to file the audited financial statement and audit report
required by subsection (b). An application under this subsection must
be accompanied by a letter from the auditor described in subsection (b)
specifying the reason for the requested extension and the anticipated
date by which the audit will be completed.