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Ind. Code § 27-1-20-31

Restrictions on interlocking directorates

Indiana · Indiana Code Title 27 — Insurance · Status: effective

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Ind. Code § 27-1-20-31, Restrictions on interlocking directorates, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1661975
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Sec. 31. Insurance corporations may have interlocking directorates, provided no person at the same time shall be a director in two (2) or more insurance corporations where the effect may be to substantially lessen competition generally or tend to create a monopoly. Whenever the commissioner of insurance has reason to believe that there is a violation of this section, he shall have the authority to proceed to an adjudication of the violation under IC 4-21.5-3.