Ind. Code § 27-1-45.5-3
Application for certificate of authority; application deadline
Indiana · Indiana Code Title 27 — Insurance · Status: effective
Cite this
- Citation
- Ind. Code § 27-1-45.5-3, Application for certificate of authority; application deadline, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1662696
- Permanent ID
ys:prov:1662696@1- SHA-256
85139f0a3afb9950d3f5699955d58470e3ebdde99747b94d4327f1eafe84841a
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 3.
(a) Before December 31, 2030, IPEP shall apply to the insurance commissioner for a certificate of authority to transact the business of insurance in Indiana as a domestic tax exempt reciprocal insurance company.
(b) The bylaws or articles of incorporation prepared by IPEP for purposes of IPEP's conversion to a domestic tax exempt reciprocal insurance company must require that the board of the domestic tax exempt reciprocal insurance company be made up of at least seven (7) individuals.
(c) IPEP, in converting to a domestic tax exempt reciprocal insurance company, must meet the requirements and conditions for the formation of a domestic tax exempt reciprocal insurance company set forth in IC 27-1-6, including an examination under IC 27-1-6-17.