§ 27-4-9-6 — Commissioner actions concerning compliance

Indiana § 27-4-9-6

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 4: UNFAIR COMPETITION; UNAUTHORIZED
• Ch. 9: Recommendations to Senior Consumers

Text

(a) The commissioner may conduct an
investigation, pursue an enforcement action, and take other official
action that the commissioner considers appropriate to ensure
compliance with section 3 of this chapter.
(b) With regard to a variable annuity, the commissioner may:
(1) consult with the securities commissioner; and
(2) use the resources of the securities commissioner;
in making a final determination regarding any issue concerning
compliance with section 3 of this chapter.
(c) If the securities commissioner is informed of a violation or
suspected violation of section 3 of this chapter or other insurance laws
of the state, the securities commissioner shall timely advise the
commissioner of the violation or suspected violation.

Legislative History

As added by P.L.138-2005, SEC.2.