Section 27-1-3-4 - Business practices of insurance companiesEvery insurance company to which this article is applicable:
(1) shall conduct and transact its business in a safe and prudent manner;(2) shall maintain such company in a safe and solvent condition; and(3) shall establish and maintain safe and sound methods for the conduct of such insurance company and its business and prudential affairs.(Formerly: Acts 1935, c.162, s.11.) As amended by P.L. 252-1985, SEC.6.