Indiana § 27-5.1-2-2 Farm mutual insurance companies existing on June 30, 2003

Indiana Statutes

§ 27-5.1-2-2 — Farm mutual insurance companies existing on June 30, 2003

Indiana § 27-5.1-2-2

Title 27INSURANCE

Art. 5.1FARM MUTUAL INSURANCE COMPANIES

This text of Indiana § 27-5.1-2-2 (Farm mutual insurance companies existing on June 30, 2003) 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 § 27-5.1-2-2 (2026).

Text

(a)A farm mutual insurance company that holds a certificate of authority to do business in Indiana on June 30, 2003, is a standard company under this article unless the farm mutual insurance company:

(1)elects to become an extended company under IC 27-5.1-4; and

(2)is authorized by the commissioner to do business as an extended company.

(b)A standard company described in subsection (a) may elect to become an extended company at any time by:

(1)complying with IC 27-5.1-4-2(b); and

(2)submitting to an examination that may be conducted at the discretion of the commissioner.

(c)An election made under this section is effective upon the date the commissioner issues a new certificate of authority.

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(a) A farm mutual insurance company that
holds a certificate of authority to do business in Indiana on June 30,
2003, is a standard company under this article unless the farm mutual
insurance company:
(1) elects to become an extended company under IC 27-5.1-4; and
(2) is authorized by the commissioner to do business as an
extended company.
(b) A standard company described in subsection (a) may elect to
become an extended company at any time by:
(1) complying with IC 27-5.1-4-2(b); and
(2) submitting to an examination that may be conducted at the
discretion of the commissioner.
(c) An election made under this section is effective upon the date
the commissioner issues a new certificate of authority.