Indiana § 27-6-6-8 Right of domestic corporation to exchange contracts

Indiana Statutes

§ 27-6-6-8 — Right of domestic corporation to exchange contracts

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

Any corporation organized under the laws of this
state, shall, in addition to the rights, powers and franchises specified in
its articles of incorporation, have full power and authority, as a
subscriber, to exchange insurance contracts of the kind and character
mentioned in this chapter. The right to exchange such contracts is
declared to be incidental to the purposes for which such corporations
are organized and as much granted as the rights and powers expressly
conferred.
Formerly: Acts 1919, c.102, s.8. As amended by P.L.136-2018,
SEC.181.

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Any corporation organized under the laws of this
state, shall, in addition to the rights, powers and franchises specified in
its articles of incorporation, have full power and authority, as a
subscriber, to exchange insurance contracts of the kind and character
mentioned in this chapter. The right to exchange such contracts is
declared to be incidental to the purposes for which such corporations
are organized and as much granted as the rights and powers expressly
conferred.
Formerly: Acts 1919, c.102, s.8. As amended by P.L.136-2018,
SEC.181.

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