Indiana § 27-8-31-20 Commission actions and agreements; effect on compacting states;
constitutional violation

Indiana Statutes

§ 27-8-31-20 — Commission actions and agreements; effect on compacting states; constitutional violation

Indiana·Title 27 INSURANCE·Art. 8 LIFE, ACCIDENT, AND HEALTH·Ch. 31 Interstate Insurance Product Regulation Compact

(a)All lawful actions of the commission, including all rules and operating procedures adopted by the commission, are binding upon the compacting states.

(b)All agreements between the commission and the compacting states are binding in accordance with the terms of the agreements.

(c)Upon the request of a party to a conflict over the meaning or interpretation of commission actions and upon a majority vote of the compacting states, the commission may issue advisory opinions regarding the meaning or interpretation in dispute.

(d)Any provision of this compact that violates the Constitution of the State of Indiana is ineffective in Indiana.

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(a) All lawful actions of the commission,
including all rules and operating procedures adopted by the
commission, are binding upon the compacting states.
(b) All agreements between the commission and the compacting
states are binding in accordance with the terms of the agreements.
(c) Upon the request of a party to a conflict over the meaning or
interpretation of commission actions and upon a majority vote of the
compacting states, the commission may issue advisory opinions
regarding the meaning or interpretation in dispute.
(d) Any provision of this compact that violates the Constitution of
the State of Indiana is ineffective in Indiana.

Indiana § 27-8-31-20 (Commission actions and agreements; effect on compacting states; constitutional violation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.