Indiana Code 27-7-10-16. Foreign risk retention groups; compliance with business practice provisions
Current as of: 2023 | Check for updates
|
Other versions
Sec. 16. (a) All risk retention groups that are chartered and licensed in other states and that are doing business in Indiana and all agents and representatives of those risk retention groups shall comply with:
(2) IC 27-4 concerning deceptive, false, or fraudulent acts or practices.
(1) IC 27-4-1-4.5 concerning unfair claims settlement practices; and
Terms Used In Indiana Code 27-7-10-16
- commissioner: means :
Indiana Code 27-7-10-1
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- state: means any state of the United States or the District of Columbia. See Indiana Code 27-7-10-12
(b) However, any injunction sought by the commissioner of this state regarding conduct described in subsection (a)(2) must be obtained from a court.
As added by P.L.162-1988, SEC.2.