Section 27-7-8-3 - Authority to issue insurance to individuals and groupsLegal insurance may be issued to an individual or, as a group policy to:
(1) ten (10) or more employees; or(2) ten (10) or more members of a trade or professional association, labor union, or any other association of members in the same or related occupation, profession, or industry in existence for two (2) years, having a constitution, and formed for a purpose other than obtaining insurance.As added by Acts1978 , P.L. 129, SEC.2.