Indiana § 27-7-10-16 Foreign risk retention groups; compliance with business practice
provisions

Indiana Statutes

§ 27-7-10-16 — Foreign risk retention groups; compliance with business practice provisions

Indiana·Title 27 INSURANCE·Art. 7 SPECIAL TYPES OF INSURANCE·Ch. 10 Risk Retention Groups

(a)All risk retention groups that are chartered and licensed in other states and that are doing business in Indiana and all agents and representatives of those risk retention groups shall comply with:

(1)IC 27-4-1-4.5 concerning unfair claims settlement practices; and

(2)IC 27-4 concerning deceptive, false, or fraudulent acts or practices.

(b)However, any injunction sought by the commissioner of this state regarding conduct described in subsection (a)(2) must be obtained from a court.

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(a) All risk retention groups that are
chartered and licensed in other states and that are doing business in
Indiana and all agents and representatives of those risk retention groups
shall comply with:
(1) IC 27-4-1-4.5 concerning unfair claims settlement practices;
and
(2) IC 27-4 concerning deceptive, false, or fraudulent acts or
practices.
(b) However, any injunction sought by the commissioner of this
state regarding conduct described in subsection (a)(2) must be obtained
from a court.

Indiana § 27-7-10-16 (Foreign risk retention groups; compliance with business practice provisions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.