760 Ind. Admin. Code 1-7-1
Authority: IC 27-1-3-7
Affected: IC 27-1-5-1
Sec. 1.
Authority and Purpose. Pursuant to the authority given by the Insurance Laws of the State of Indiana, particularly Acts 1935, Chapter 162, Section 14 [IC 27-1-3-7], the Department of Insurance (the "Department") hereby makes and promulgates the following rules and regulations [ 760 IAC 1-7 ], declaring that the conduct or transaction of business by an insurance company subject to the laws of the State of Indiana in any manner contrary to these regulations [ 760 IAC 1-7 ]shall be deemed to be an unsafe manner, and that it is the purpose of these rules and regulations [ 760 IAC 1-7 ]to establish safe and sound methods for the transaction of the type of business to which they pertain.
On and after the effective date hereof, these rules and regulations [ 760 IAC 1-7 ]shall apply to insurance companies issuing or delivering within this state contracts of the nature described in Class I(c) of Section 59 [IC 27-1-5-1 ]of the Insurance Laws of the State of Indiana (hereinafter referred to as "Class I(c) Contracts").
760 IAC 1-7-1