Indiana § 27-5.1-2-28 Willful violation; penalties

Indiana Statutes

§ 27-5.1-2-28 — Willful violation; penalties

Indiana § 27-5.1-2-28

Title 27INSURANCE

Art. 5.1FARM MUTUAL INSURANCE COMPANIES

This text of Indiana § 27-5.1-2-28 (Willful violation; penalties) 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 § 27-5.1-2-28 (2026).

Text

If a farm mutual insurance company willfully violates a provision of an order under section 26 of this chapter, the commissioner may do the following:

(1)Impose a civil penalty on the farm mutual insurance company of not more than ten thousand dollars ($10,000).

(2)Suspend or revoke the farm mutual insurance company's certificate of authority.

(3)Institute proceedings to enjoin the farm mutual insurance company from conducting further business.

(4)Institute proceedings to wind up the affairs of the farm mutual insurance company.

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If a farm mutual insurance company
willfully violates a provision of an order under section 26 of this
chapter, the commissioner may do the following:
(1) Impose a civil penalty on the farm mutual insurance company
of not more than ten thousand dollars ($10,000).
(2) Suspend or revoke the farm mutual insurance company's
certificate of authority.
(3) Institute proceedings to enjoin the farm mutual insurance
company from conducting further business.
(4) Institute proceedings to wind up the affairs of the farm mutual
insurance company.