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

(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.