IC 27-1-6.5
    Chapter 6.5. Redomestication of Insurers

IC 27-1-6.5-1
Foreign insurers; qualification as domestic insurer; requirements
    Sec. 1. (a) Any foreign insurance company which is admitted totransact business in Indiana may, upon complying with therequirements for formation of a domestic company under IC 27-1-6,become a domestic insurer. When those requirements have been met,the commissioner may issue a certificate of authority, underIC 27-1-3-20, to permit the company to transact business in the stateas a domestic company.
    (b) A company which changes its status from foreign to domesticunder subsection (a) has all the rights, titles, and interests in theassets of the original corporation, as well as all of its liabilities andobligations. The company shall be recognized as a company formedunder the laws of this state as of the date of its incorporation in itsoriginal domiciliary state.
As added by Acts 1980, P.L.170, SEC.1.

IC 27-1-6.5-2
Domestic insurers; transfer of domicile to another state; approval
    Sec. 2. Any domestic insurance company may, upon the approvalof the commissioner, transfer its domicile from this state to any otherstate in which it is admitted to transact business. The commissionershall approve the proposed transfer of domicile, unless he determinesthat the transfer is contrary to the best interests of the company'spolicyholders. If the commissioner does not approve the transfer, heshall give the company written notice of the refusal and the reasonsfor it within thirty (30) days after the date the request for transfer wasmade. If the request for transfer is granted, and the company isotherwise qualified, it may operate in this state as a foreign insurerwithout interruption in licensing.
As added by Acts 1980, P.L.170, SEC.1.

IC 27-1-6.5-3
Foreign insurers; change of domicile to another foreign state;merger or consolidation conditions
    Sec. 3. Any foreign insurance company admitted to transactbusiness in this state may, upon proper notice to the commissioner,change its domicile by merger, consolidation, or otherwise to anotherforeign state without interruption of its licensing and withoutreapplying as a foreign insurer if:
        (1) the change in domicile does not result in a reduction in thecompany's assets or surplus below the requirements foradmission as a foreign insurer under IC 27-1-17-5;
        (2) there is no substantial change in the lines of insurance to bewritten by the company; and
        (3) the change in domicile has been approved by the supervisingregulatory officials of both the former and new state of

domicile.
As added by Acts 1980, P.L.170, SEC.1.

IC 27-1-6.5-4
Transfer of domicile to another state; requisites
    Sec. 4. Each insurer admitted to transact business in this state thattransfers its domicile to any other state shall notify the commissionerof the proposed transfer and shall file promptly with him anynecessary amendments to articles of incorporation, charters, bylaws,and other corporate documents.
As added by Acts 1980, P.L.170, SEC.1.

IC 27-1-6.5-5
Transfer of domicile to this or another state; effectiveness ofcertificate of authority
    Sec. 5. When any insurer admitted to transact business in thisstate transfers its domicile to this or any other state, its certificate ofauthority, insurance producers' appointments and licenses, policyforms, rates, authorizations, and other filings and approvals whichexisted at the time of the transfer, remain in effect after the transferof domicile occurs.
As added by Acts 1980, P.L.170, SEC.1. Amended by P.L.178-2003,SEC.15.

IC 27-1-6.5-6
Regulations
    Sec. 6. The commissioner may develop and promulgateregulations, under IC 4-22-2, to carry out the purposes of thischapter.
As added by Acts 1980, P.L.170, SEC.1.