§ 27-4-1-8 — Determination of additional methods of unfair competition or deceptive acts or practices; notice and hearing

Whenever the commissioner shall have reason
to believe that any person engaged in the business of insurance is
engaging in this state in any method of competition or in any act or
practice in the conduct of such business which is not defined in section
4 of this chapter, that such method of competition is unfair, or that such
act or practice is unfair or deceptive, and that a proceeding by him in
respect thereto would be to the interest of the public, he may issue and
cause to be served upon such person a statement of the charges in that
respect and a notice of a hearing thereon. Each such hearing shall be
conducted under IC 4-21.5-3 in the same manner as the hearings
provided for in section 5 of this chapter.
Formerly: Acts 1947, c.112, s.8. As amended by P.L.252-1985,
SEC.149; P.L.7-1987, SEC.148.