Indiana § 27-7-1-4 Examination; issuance of certificate of authority

Indiana Statutes

§ 27-7-1-4 — Examination; issuance of certificate of authority

Indiana·Title 27 INSURANCE·Art. 7 SPECIAL TYPES OF INSURANCE·Ch. 1 Lloyds Insurance

After such documents specified shall have been
filed, the insurance commissioner shall cause an examination of such
Lloyds to be made, and after the insurance commissioner has specified
that all of the facts alleged in the declaration are true, and that the
articles of association or copartnership agreement is of such character
that the rights of the policyholders will be protected thereunder, the
insurance commissioner shall issue, or cause to be issued, a certificate
of authority to such Lloyds to do such business as is specified in the
declaration, which certificate shall be issued to such Lloyds under the
name designated and approved, authorizing the underwriters thereof to
do the business permitted through its attorney or attorneys in fact.
Formerly: Acts 1919, c.177, s.4. As amended 

Free access — add to your briefcase to read the full text and ask questions with AI

After such documents specified shall have been
filed, the insurance commissioner shall cause an examination of such
Lloyds to be made, and after the insurance commissioner has specified
that all of the facts alleged in the declaration are true, and that the
articles of association or copartnership agreement is of such character
that the rights of the policyholders will be protected thereunder, the
insurance commissioner shall issue, or cause to be issued, a certificate
of authority to such Lloyds to do such business as is specified in the
declaration, which certificate shall be issued to such Lloyds under the
name designated and approved, authorizing the underwriters thereof to
do the business permitted through its attorney or attorneys in fact.
Formerly: Acts 1919, c.177, s.4. As amended by P.L.148-2017,
SEC.12.

Indiana § 27-7-1-4 (Examination; issuance of certificate of authority) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.