§ 27-4-1-17 — Construction and application

Indiana § 27-4-1-17

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 4: UNFAIR COMPETITION; UNAUTHORIZED
• Ch. 1: Unfair Competition; Unfair or Deceptive Acts and

Text

(a) This chapter shall be, and shall be
construed as being, in addition to IC 27-1, and in addition to IC 27-7-2,
and in addition to any and all statutes supplemental to either, and in
addition to any and all other laws of the state of Indiana concerning
insurance or the business of insurance, whether enacted at any time in
the 1947 regular session or at any preceding session of the general
assembly of the state of Indiana.
(b) Whereas certain unlawful practices are set forth in other
insurance statutes of the state of Indiana which unlawful practices are
similar or identical to those enumerated in section 4 of this chapter and
are characterized in other insurance statutes as criminal in nature, it is
deemed desirable to retain the criminal penalties imposed by other
insurance statutes; for that purpose, nothing contained in this chapter
shall be construed to repeal, amend, or otherwise to affect in any way
IC 27-1, IC 27-7-2, or any other law of the state of Indiana concerning
insurance or the business of insurance whether enacted at any time in
the 1947 regular session or at any preceding session of the general
assembly of the state of Indiana, it being the intent of this chapter to
provide additional administrative remedies for the purpose of
controlling unfair methods of competition and unfair and deceptive acts
and practices in and affecting the business of insurance.
(c) Nothing in this chapter shall be construed as exempting or
excepting from the provisions of this chapter any person engaged in the
business of insurance in this state, except as in this chapter otherwise
expressly provided.
Formerly: Acts 1947, c.112, s.18. As amended by P.L.252-1985,
SEC.157.