Indiana Code > Title 27 > Article 1 > Chapter 21 – Additional Provisions Pertaining to Insurance Company Investments
Current as of: 2023 | Check for updates
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Other versions
| § 27-1-21-1 | Treatment of prior investments |
Terms Used In Indiana Code > Title 27 > Article 1 > Chapter 21 - Additional Provisions Pertaining to Insurance Company Investments
- Department: means "the department of insurance" of this state. See Indiana Code 27-1-2-3
- Insurance: means a contract of insurance or an agreement by which one (1) party, for a consideration, promises to pay money or its equivalent or to do an act valuable to the insured upon the destruction, loss or injury of something in which the other party has a pecuniary interest, or in consideration of a price paid, adequate to the risk, becomes security to the other against loss by certain specified risks; to grant indemnity or security against loss for a consideration. See Indiana Code 27-1-2-3