Section 27-7-3-3 - Title insurance business; authorization of domestic and foreign corporations; application of business corporation law(a) Any domestic corporation having: (1) among its purposes the insuring against loss or damage on account of encumbrances upon or defects in the title to real estate; and(2) a physical office in Indiana; is hereby authorized to organize under IC 23-1, and any foreign corporation, having among its purposes the insuring against loss or damage on account of encumbrances upon or defects in the title to real estate, is hereby authorized to and may be admitted to do business in this state under IC 23-1. Any domestic or foreign corporation, organized or admitted to do business before or after June 7, 1937, as provided in this section, may engage in business as a title insurance company by complying with the provisions of this chapter.
(b) A domestic corporation admitted to do business as described in subsection (a) shall provide written notice to the department of insurance and all policyholders of a change in location of the domestic corporation's physical office in Indiana, including the address and telephone number of the new location.Amended by P.L. 11-2011, SEC. 28, eff. 7/1/2011.(Formerly: Acts 1937, c.104, s.3.) As amended by P.L. 252-1985, SEC.249.