Indiana Statutes
§ 27-3-3-4 — Parent and subsidiary as separate corporations
Indiana·Title 27 INSURANCE·Art. 3 CONSOLIDATIONS AND REORGANIZATION·Ch. 3 Acquisition of Certain Minority Interests in Subsidiary
Notwithstanding a plan of acquisition effected
pursuant to this chapter, the parent corporation and its subsidiary
insurer shall in all respects stand before the law as separate and distinct
corporations, with neither of the corporations having any liability to the
creditors, policyholders, if any, or shareholders of the other,
notwithstanding any actions or omissions of the officers, directors, or
shareholders of either or both of the corporations.
Formerly: Acts 1973, P.L.278, SEC.1.
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Nearby Sections
15
§ 27-1-1-1
Creation; functions§ 27-1-1-2
Insurance commissioner§ 27-1-1-3
Personnel§ 27-1-1-4
Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10
"Annual Statement Blank"§ 27-1-1.5-11
"Annual Statement Instructions"§ 27-1-1.5-12
"Current Dental Terminology"; "CDT"§ 27-1-1.5-13
"Current Procedural Terminology"; "CPT"§ 27-1-1.5-15
"Financial Analysis Handbook"§ 27-1-1.5-16
"Financial Condition Examiner's Handbook"§ 27-1-1.5-18
"Healthcare Common Procedure Coding System"; "HCPCS"