Indiana § 27-7-2-20.4 Arrangements in restraint of trade; presumption; subsidiary companies

Indiana Statutes

§ 27-7-2-20.4 — Arrangements in restraint of trade; presumption; subsidiary companies

Indiana § 27-7-2-20.4

Title 27INSURANCE

Art. 7SPECIAL TYPES OF INSURANCE

Ch. 2Worker's Compensation

This text of Indiana § 27-7-2-20.4 (Arrangements in restraint of trade; presumption; subsidiary companies) 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 § 27-7-2-20.4 (2026).

Text

4.

(a)A company or the bureau may not make any arrangement with any other company or other person that has the purpose or effect of restraining trade unreasonably or of substantially lessening competition in the business of insurance.

(b)A company may not agree with any other company or the bureau to adhere to or use any rate, rating plan (other than the experience rating plan), or rating rule except as needed to comply with the requirements of section 20 of this chapter.

(c)The fact that two (2) or more companies use consistently or intermittently the same rules, rating plans, rating schedules, rating rules, policy forms, rate classifications, underwriting rules, surveys, or inspections or similar materials is not sufficient in itself to support a finding that an agreement prohibited b

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

4. (a) A company or the bureau may not
make any arrangement with any other company or other person that has
the purpose or effect of restraining trade unreasonably or of
substantially lessening competition in the business of insurance.
(b) A company may not agree with any other company or the bureau
to adhere to or use any rate, rating plan (other than the experience
rating plan), or rating rule except as needed to comply with the
requirements of section 20 of this chapter.
(c) The fact that two (2) or more companies use consistently or
intermittently the same rules, rating plans, rating schedules, rating
rules, policy forms, rate classifications, underwriting rules, surveys, or
inspections or similar materials is not sufficient in itself to support a
finding that an agreement prohibited by subsection (b) exists.
(d) Two (2) or more companies having a common ownership or
operating in Indiana under common management or control may act in
concert between or among themselves with respect to any matters
pertaining to those authorized in this chapter as if they constituted a
single company.