Indiana § 27-6-7-1 Actions by or against attorney in fact for subscribers; effect of
judgment

Indiana Statutes

§ 27-6-7-1 — Actions by or against attorney in fact for subscribers; effect of judgment

Indiana·Title 27 INSURANCE·Art. 6 REINSURANCE; INTERINSURANCE;·Ch. 7 Lawsuits Concerning Interinsurance─Procedure

All suits with reference to any matter or claim
arising out of, or having any connection with any contract or agreement
issued or executed, or any obligation or liability incurred at any
reciprocal or interinsurance exchange, shall be brought only by, or
against, the attorney in fact for subscribers at said reciprocal or
interinsurance exchange, and any judgment obtained or rendered
against said attorney in fact, as such, shall be valid and binding on all
subscribers exchanging reciprocal or interinsurance contracts through
such attorney in fact at said exchange, to the extent to which such
subscribers are obligated or may be obligated.
Formerly: Acts 1937, c.35, s.1.

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All suits with reference to any matter or claim
arising out of, or having any connection with any contract or agreement
issued or executed, or any obligation or liability incurred at any
reciprocal or interinsurance exchange, shall be brought only by, or
against, the attorney in fact for subscribers at said reciprocal or
interinsurance exchange, and any judgment obtained or rendered
against said attorney in fact, as such, shall be valid and binding on all
subscribers exchanging reciprocal or interinsurance contracts through
such attorney in fact at said exchange, to the extent to which such
subscribers are obligated or may be obligated.
Formerly: Acts 1937, c.35, s.1.

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