Indiana § 27-5.1-2-16 Form and rate filing file and use; commissioner disapproval; judicial
review

Indiana Statutes

§ 27-5.1-2-16 — Form and rate filing file and use; commissioner disapproval; judicial review

Indiana § 27-5.1-2-16

Title 27INSURANCE

Art. 5.1FARM MUTUAL INSURANCE COMPANIES

This text of Indiana § 27-5.1-2-16 (Form and rate filing file and use; commissioner disapproval; judicial review) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-5.1-2-16 (2026).

Text

(a)A farm mutual insurance company may not deliver or issue for delivery an insurance policy or an endorsement or a rider to an insurance policy until a copy of the form and the rates charged for the insurance policy are filed with the commissioner.

(b)A farm mutual insurance company may use any form or rate filed with the commissioner unless the commissioner notifies the farm mutual insurance company in writing that the form is disapproved not more than thirty (30) days after the commissioner's receipt of the rate or form filing. The commissioner may disapprove a rate or form for the following reasons:

(1)An inconsistency with this article or another applicable state law.

(2)A provision that is:

(A)deceptive;

(B)ambiguous; or

(C)misleading.

(c)If the commissioner disapproves a rat

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A farm mutual insurance company may
not deliver or issue for delivery an insurance policy or an endorsement
or a rider to an insurance policy until a copy of the form and the rates
charged for the insurance policy are filed with the commissioner.
(b) A farm mutual insurance company may use any form or rate
filed with the commissioner unless the commissioner notifies the farm
mutual insurance company in writing that the form is disapproved not
more than thirty (30) days after the commissioner's receipt of the rate
or form filing. The commissioner may disapprove a rate or form for the
following reasons:
(1) An inconsistency with this article or another applicable state
law.
(2) A provision that is:
(A) deceptive;
(B) ambiguous; or
(C) misleading.
(c) If the commissioner disapproves a rate or form under this
section, the commissioner shall notify the farm mutual insurance
company of the reason that the rate or form was disapproved. The farm
mutual insurance company may request a hearing before the
commissioner under IC 4-21.5 concerning the disapproval.
(d) A farm mutual insurance company may seek judicial review
under IC 4-21.5-5 of the commissioner's final disapproval of a rate or
form under this section.
(e) The commissioner may charge a farm mutual insurance company
a reasonable fee as provided in IC 27-1-3-15 for the filing of a rate or
form.