Indiana § 27-2-10-8 Powers of commissioner

Indiana Statutes

§ 27-2-10-8 — Powers of commissioner

Indiana·Title 27 INSURANCE·Art. 2 POWERS AND DUTIES OF INSURERS·Ch. 10 Equity Securities of Insurance Companies

The insurance commissioner shall have the
power to make such rules as may be necessary for the execution of the
functions vested in him by sections 1 through 7 of this chapter and may
for such purpose classify domestic stock insurance companies,
securities, and other persons or matters within his jurisdiction. No
provision of sections 1, 2, and 3 of this chapter imposing any liability
shall apply to any act done or omitted in good faith in conformity with
any rule of the insurance commissioner, notwithstanding that such rule
may, after such act or omission, be amended or rescinded or
determined by judicial or other authority to be invalid for any reason.
Formerly: Acts 1965, c.5, s.8. As amended by P.L.252-1985,
SEC.136.

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The insurance commissioner shall have the
power to make such rules as may be necessary for the execution of the
functions vested in him by sections 1 through 7 of this chapter and may
for such purpose classify domestic stock insurance companies,
securities, and other persons or matters within his jurisdiction. No
provision of sections 1, 2, and 3 of this chapter imposing any liability
shall apply to any act done or omitted in good faith in conformity with
any rule of the insurance commissioner, notwithstanding that such rule
may, after such act or omission, be amended or rescinded or
determined by judicial or other authority to be invalid for any reason.
Formerly: Acts 1965, c.5, s.8. As amended by P.L.252-1985,
SEC.136.

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