Indiana § 27-6-9-16 Refusal to issue license; conditions; summary

Indiana Statutes

§ 27-6-9-16 — Refusal to issue license; conditions; summary

Indiana § 27-6-9-16

Title 27INSURANCE

Art. 6REINSURANCE; INTERINSURANCE;

Ch. 9Reinsurance Intermediaries

This text of Indiana § 27-6-9-16 (Refusal to issue license; conditions; summary) 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 § 27-6-9-16 (2026).

Text

(a)The commissioner may refuse to issue a reinsurance intermediary license if, in the commissioner's judgment:

(1)the applicant, anyone named on the application, or any member, principal, officer, or director of the applicant, is not trustworthy;

(2)any controlling person of the applicant is not trustworthy to act as a reinsurance intermediary; or

(3)any of the foregoing has given cause for revocation or suspension of such license, or has failed to comply with any prerequisite for the issuance of such license.

(b)Upon written request therefor, the commissioner shall furnish a summary of the basis for refusal to issue a license. A summary furnished under this subsection is declared confidential for the purposes of IC 5-14-3-4(a)(1) and is not subject to inspection and copying as a publ

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(a) The commissioner may refuse to issue a
reinsurance intermediary license if, in the commissioner's judgment:
(1) the applicant, anyone named on the application, or any
member, principal, officer, or director of the applicant, is not
trustworthy;
(2) any controlling person of the applicant is not trustworthy to act
as a reinsurance intermediary; or
(3) any of the foregoing has given cause for revocation or
suspension of such license, or has failed to comply with any
prerequisite for the issuance of such license.
(b) Upon written request therefor, the commissioner shall furnish a
summary of the basis for refusal to issue a license. A summary
furnished under this subsection is declared confidential for the
purposes of IC 5-14-3-4(a)(1) and is not subject to inspection and
copying as a public record.