Indiana § 27-7-2-28.2 Examination of records; costs

Indiana Statutes

§ 27-7-2-28.2 — Examination of records; costs

Indiana § 27-7-2-28.2

Title 27INSURANCE

Art. 7SPECIAL TYPES OF INSURANCE

Ch. 2Worker's Compensation

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Bluebook

Ind. Code § 27-7-2-28.2 (2026).

Text

2.

(a)The commissioner may examine any company, the bureau, or the assigned risk plan as the commissioner considers necessary to ascertain compliance with this chapter.

(b)Every company, the bureau, and the assigned risk plan shall maintain reasonable records of the type and kind reasonably adapted to its method of operation containing its experiences or the experience of its staff members including the data, statistics, or information collected or used by it in its activities. These records shall be available at all reasonable times to enable the commissioner to determine whether the activities of the bureau, company, and the assigned risk plan comply with this chapter. Such records shall be maintained in an office within Indiana or shall be made available to the commissioner for examin

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2. (a) The commissioner may examine any
company, the bureau, or the assigned risk plan as the commissioner
considers necessary to ascertain compliance with this chapter.
(b) Every company, the bureau, and the assigned risk plan shall
maintain reasonable records of the type and kind reasonably adapted to
its method of operation containing its experiences or the experience of
its staff members including the data, statistics, or information collected
or used by it in its activities. These records shall be available at all
reasonable times to enable the commissioner to determine whether the
activities of the bureau, company, and the assigned risk plan comply
with this chapter. Such records shall be maintained in an office within
Indiana or shall be made available to the commissioner for examination
or inspection at any time upon reasonable notice.
(c) The reasonable cost of an examination made under this section
shall be paid by the examined party upon presentation of a detailed
account of such costs.
(d) Instead of an examination the commissioner may accept the
report of an examination by the insurance supervisory official of
another state, made under the laws of that state.