§ 27-9-1-5 — Cooperation of insurer with commissioner

(a) An officer, manager, director, trustee, owner,
employee, or insurance producer of any insurer, or any other persons
with authority over or in charge of any segment of the insurer's affairs,
shall cooperate with the commissioner in any proceeding under IC 27-9
or any investigation preliminary to the proceeding. The term "person",
as used in this section, includes any person who exercises control,
directly or indirectly, over activities of an insurer through any holding
company or other affiliate of the insurer. "To cooperate" includes:
(1) replying promptly in writing to any inquiry from the
commissioner requesting such a reply; and
(2) making available to the commissioner all books, accounts,
documents, or other records, information, or property of or
pertaining to the insurer and in the insurer's possession, custody,
or control.
(b) A person may not obstruct or interfere with the commissioner in
the conduct of any delinquency proceeding or any investigation
preliminary to or incidental to an investigation.
(c) This section does not abridge existing legal rights, including the
right to resist a petition for liquidation, other delinquency proceedings,
or other orders.
(d) A person who:
(1) is included within subsection (a) and who fails to cooperate
with the commissioner;
(2) obstructs or interferes with the commissioner in the conduct
of any delinquency proceeding or any investigation preliminary
or incidental to a delinquency proceeding; or
(3) violates any order of the commissioner under IC 27-9;
commits a Class A infraction.
As added by Acts 1979, P.L.255, SEC.1. Amended by
P.L.178-2003, SEC.74.