Statutes, codes, and regulations
Indiana Code
Title 27 - INSURANCEArticle 1 - DEPARTMENT OF INSURANCE
Chapter 3 - GENERAL POWERS AND DUTIES OF THE DEPARTMENT
Section 27-1-3-27 - Order to limit or disallow payment of ordinary shareholder dividends

Ind. Code § 27-1-3-27

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Current through P.L. 171-2024
Section 27-1-3-27 - Order to limit or disallow payment of ordinary shareholder dividends

The department shall establish and follow a practice under which the department issues an order to limit or disallow the payment of ordinary shareholder dividends by a domestic insurer if the domestic insurer is found to be financially distressed or troubled.

IC 27-1-3-27

As added by P.L. 130-1994, SEC.6 and P.L. 116-1994, SEC.10.