Indiana Statutes

§ 27-7-10-19 — Prohibited acts

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

The following acts by a risk retention group are prohibited:

(1)The solicitation or sale of insurance by a risk retention group to any person who is not eligible for membership in the group.
(2)The solicitation or sale of insurance by, or operation of, a risk retention group that is in hazardous financial condition or financially impaired.

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Legislative History

As added by P.L.162-1988, SEC.2.

Nearby Sections

15
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