Indiana § 27-7-3-6 Certificate of authority; requirements; issuance; necessity to do
business

Indiana Statutes

§ 27-7-3-6 — Certificate of authority; requirements; issuance; necessity to do business

Indiana § 27-7-3-6

Title 27INSURANCE

Art. 7SPECIAL TYPES OF INSURANCE

Ch. 3Abstract and Title Insurance

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Bluebook

Ind. Code § 27-7-3-6 (2026).

Text

(a)Whenever any such company shall have shown to the department by a sworn statement, verified by the oaths of the president or a vice president and the secretary or an assistant secretary of the company and bearing the corporate seal of such company, that it has complied with all the requirements of this chapter necessary for beginning business and that it has deposited the amount as required in section 7 of this chapter, the commissioner shall issue a certificate of authority reciting that such company has complied with the provisions of this chapter and is authorized to insure against the loss or damage on account of encumbrances upon or defects in the title to real estate, which certificate shall expire as of midnight of April 30 of each calendar year. The certificate shall be issued

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(a) Whenever any such company shall have
shown to the department by a sworn statement, verified by the oaths of
the president or a vice president and the secretary or an assistant
secretary of the company and bearing the corporate seal of such
company, that it has complied with all the requirements of this chapter
necessary for beginning business and that it has deposited the amount
as required in section 7 of this chapter, the commissioner shall issue a
certificate of authority reciting that such company has complied with
the provisions of this chapter and is authorized to insure against the
loss or damage on account of encumbrances upon or defects in the title
to real estate, which certificate shall expire as of midnight of April 30
of each calendar year. The certificate shall be issued under the seal of
the department.
(b) No person, firm, partnership, corporation, association, or
company shall transact any business of insuring against loss or damage
on account of encumbrances upon or defects in the title to real estate
until it or they shall have received a certificate of authority as provided
for in this section.
Formerly: Acts 1937, c.104, s.6. As amended by P.L.252-1985,
SEC.252.