Indiana § 27-2-4-1 Powers of attorney general

Indiana Statutes

§ 27-2-4-1 — Powers of attorney general

Indiana § 27-2-4-1

Title 27INSURANCE

Art. 2POWERS AND DUTIES OF INSURERS

Ch. 4Receivers

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Bluebook

Ind. Code § 27-2-4-1 (2026).

Text

No suit or action seeking the appointment of a
receiver for any domestic insurance company, whether stock or mutual,
organized and doing business under the laws of Indiana and subject to
supervision and examination of the insurance commissioner or other
department of state, shall be instituted or maintained, or a receiver
appointed by any court, except and only in an action instituted by the
attorney general, on the request of the insurance commissioner or other
department of state having supervision of such corporation; provided,
nothing in this section shall affect any litigation pending on May 15,
1919, in any court of record.
Formerly: Acts 1919, c.101, s.1. As amended by P.L.252-1985,
SEC.127.

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No suit or action seeking the appointment of a
receiver for any domestic insurance company, whether stock or mutual,
organized and doing business under the laws of Indiana and subject to
supervision and examination of the insurance commissioner or other
department of state, shall be instituted or maintained, or a receiver
appointed by any court, except and only in an action instituted by the
attorney general, on the request of the insurance commissioner or other
department of state having supervision of such corporation; provided,
nothing in this section shall affect any litigation pending on May 15,
1919, in any court of record.
Formerly: Acts 1919, c.101, s.1. As amended by P.L.252-1985,
SEC.127.