Indiana § 27-6-2-1 Authorization

Indiana Statutes

§ 27-6-2-1 — Authorization

Indiana § 27-6-2-1

Title 27INSURANCE

Art. 6REINSURANCE; INTERINSURANCE;

Ch. 2Farmers' Mutual Insurance Companies─Additional

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Bluebook

Ind. Code § 27-6-2-1 (2026).

Text

Every farm mutual insurance company
authorized on or after March 11, 1955, to make the kinds of insurance
and reinsurance permitted under and pursuant to the provisions of IC 27-5.1-2 is hereby authorized to write, make, or take, in addition to the
kinds of reinsurance authorized under IC 27-5.1-2, any kind or kinds
of reinsurance on lines of insurance or hazards which they cede and
shall not write, make, or take reinsurance on any hazard or lines of
insurance that they do not themselves cede to other reinsurers.
Formerly: Acts 1955, c.330, s.1. As amended by P.L.252-1985,
SEC.211; P.L.129-2003, SEC.10.

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Every farm mutual insurance company
authorized on or after March 11, 1955, to make the kinds of insurance
and reinsurance permitted under and pursuant to the provisions of IC 27-5.1-2 is hereby authorized to write, make, or take, in addition to the
kinds of reinsurance authorized under IC 27-5.1-2, any kind or kinds
of reinsurance on lines of insurance or hazards which they cede and
shall not write, make, or take reinsurance on any hazard or lines of
insurance that they do not themselves cede to other reinsurers.
Formerly: Acts 1955, c.330, s.1. As amended by P.L.252-1985,
SEC.211; P.L.129-2003, SEC.10.