Ind. Code § 27-5.1-2-42
Exemption from regulation
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Citation
- Ind. Code § 27-5.1-2-42, Exemption from regulation, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1663297
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Full text
Sec. 42. A company or association organized before January 1, 1870, that provides the kind of insurance described in this article and has not made an election under IC 27-5-1-14 (before its repeal) is not subject to this article unless the company or association elects to conduct the company's or association's business under this article by a resolution:
(1) adopted by the company's or association's board of directors or policyholders;
(2) filed with the commissioner; and
(3) approved by the commissioner.