Indiana § 27-6-6-5 Statement of maximum amount of single fire insurance risk; limitation
on amount assumed

Indiana Statutes

§ 27-6-6-5 — Statement of maximum amount of single fire insurance risk; limitation on amount assumed

Indiana·Title 27 INSURANCE·Art. 6 REINSURANCE; INTERINSURANCE;·Ch. 6 Interinsurance

There shall be filed with the department of
insurance, state of Indiana, by such attorney, whenever the department
of insurance shall so require, a statement under oath of such attorney,
showing, in the case of fire or casualty classifications as authorized by
the insurance laws of Indiana, except title insurance, the maximum
amount of indemnity upon a single risk, and no reciprocal shall assume
on any single fire or casualty classifications as authorized by the
insurance laws of Indiana, except title insurance, risk in an amount
greater than ten percent (10%) of the net worth of the reciprocal.
Formerly: Acts 1919, c.102, s.5; Acts 1967, c.232, s.4. As
amended by P.L.116-1994, SEC.53; P.L.255-1995, SEC.6.

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There shall be filed with the department of
insurance, state of Indiana, by such attorney, whenever the department
of insurance shall so require, a statement under oath of such attorney,
showing, in the case of fire or casualty classifications as authorized by
the insurance laws of Indiana, except title insurance, the maximum
amount of indemnity upon a single risk, and no reciprocal shall assume
on any single fire or casualty classifications as authorized by the
insurance laws of Indiana, except title insurance, risk in an amount
greater than ten percent (10%) of the net worth of the reciprocal.
Formerly: Acts 1919, c.102, s.5; Acts 1967, c.232, s.4. As
amended by P.L.116-1994, SEC.53; P.L.255-1995, SEC.6.

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