§ 27-9-3-25 — Payment to attorney for services

If an insurer shall, directly or indirectly:
(1) within four (4) months before the filing of a successful
petition for liquidation under IC 27-9; or
(2) at any time in contemplation of a proceeding to liquidate it;
pay money or transfer property to an attorney for services, the
transaction may be examined by the court on its own motion or shall be
examined by the court on petition of the liquidator and shall be held
valid only to the extent of a reasonable amount to be determined by the
court. The excess may be recovered by the liquidator for the benefit of
the estate. However, where the attorney is in a position of influence in
the insurer or an affiliate of the insurer payment of any money or the
transfer of any property to the attorney for services is governed by
section 16(b)(4) of this chapter.
As added by Acts 1979, P.L.255, SEC.1.