IC 27-2-2
Chapter 2. Annual Statement by Special Charter Companies
IC 27-2-2-1 Time of filing; contents; duties of insurance commissioner
Sec. 1. (a) Every company created by special act of the general
assembly of the state of Indiana for the purpose of transacting the
business of insurance shall, on or before the third Monday of January
of each year, furnish the insurance commissioner with a statement,
verified by the oaths of the president and secretary of said company
and signed by a majority of the directors of such company, which
statement shall show the following:
(1) First, the name and locality of the company.
(2) Second, the amount of its capital stock.
(3) Third, the amount of its capital stock paid-in.
(4) Fourth, the assets of the company, including the following:
(A) The amount of cash on hand and in the hands of agents
or other persons.
(B) The value of its real estate.
(C) The bonds owned by the company and how they are
secured, with the rate of interest.
(D) Debts to the company secured by mortgage.
(E) Debts otherwise secured.
(F) Debts for premiums.
(G) All other securities.
(5) Fifth, the amount of liabilities due or not due to banks or
other creditors of the company.
(6) Sixth, losses adjusted and due.
(7) Seventh, losses adjusted and not due.
(8) Eighth, losses unadjusted.
(9) Ninth, losses in suspense waiting for further proof.
(10) Tenth, all other claims against the company.
(11) Eleventh, the greatest amount insured in any one (1) risk.
(12) Twelfth, the greatest amount allowed by the rules of the
company to be insured in any one (1) city or town.
(13) Thirteenth, the greatest amount allowed to be insured in
any one (1) block.
(b) The insurance commissioner shall cause a copy of such annual
statement to be published in the two (2) leading daily newspapers of
the state having the largest general circulation and also in some
newspaper of general circulation, printed and published in the city or
town in which the principal office of such company is located,
provided that not more than one dollar ($1) per square shall be paid
for each one (1) of such publications, the expense to be paid by the
company; and provided further, that it shall be the duty of the
commissioner to furnish such company with a certified copy of such
statement or report whenever so requested to do by any officer of
such company. (Formerly: Acts 1899, c.134, s.1.) As amended by P.L.252-1985,
SEC.125; P.L.11-1987, SEC.29. IC 27-2-2-2 Fees of insurance commissioner
Sec. 2. The insurance commissioner shall charge and collect for
the state of Indiana the sum of five dollars ($5) in each and every
case for the examination of the charter and five dollars ($5) in each
and every case for the examination of the statement and investigation
of evidence of the investment of the assets of such company in
accordance with the provisions of their respective charters, and two
dollars ($2) for each certified copy of such statement, and shall pay
the same over to the treasurer of state to go into the general fund of
the state; provided, however, the provisions of this chapter shall not
apply to farmers' mutual fire insurance associations organized under
special act since the year 1852, and doing business strictly under the
assessment plan. (Formerly: Acts 1899, c.134, s.2.) As amended by P.L.252-1985,
SEC.126.
IC 27-2-2
Chapter 2. Annual Statement by Special Charter Companies
IC 27-2-2-1 Time of filing; contents; duties of insurance commissioner
Sec. 1. (a) Every company created by special act of the general
assembly of the state of Indiana for the purpose of transacting the
business of insurance shall, on or before the third Monday of January
of each year, furnish the insurance commissioner with a statement,
verified by the oaths of the president and secretary of said company
and signed by a majority of the directors of such company, which
statement shall show the following:
(1) First, the name and locality of the company.
(2) Second, the amount of its capital stock.
(3) Third, the amount of its capital stock paid-in.
(4) Fourth, the assets of the company, including the following:
(A) The amount of cash on hand and in the hands of agents
or other persons.
(B) The value of its real estate.
(C) The bonds owned by the company and how they are
secured, with the rate of interest.
(D) Debts to the company secured by mortgage.
(E) Debts otherwise secured.
(F) Debts for premiums.
(G) All other securities.
(5) Fifth, the amount of liabilities due or not due to banks or
other creditors of the company.
(6) Sixth, losses adjusted and due.
(7) Seventh, losses adjusted and not due.
(8) Eighth, losses unadjusted.
(9) Ninth, losses in suspense waiting for further proof.
(10) Tenth, all other claims against the company.
(11) Eleventh, the greatest amount insured in any one (1) risk.
(12) Twelfth, the greatest amount allowed by the rules of the
company to be insured in any one (1) city or town.
(13) Thirteenth, the greatest amount allowed to be insured in
any one (1) block.
(b) The insurance commissioner shall cause a copy of such annual
statement to be published in the two (2) leading daily newspapers of
the state having the largest general circulation and also in some
newspaper of general circulation, printed and published in the city or
town in which the principal office of such company is located,
provided that not more than one dollar ($1) per square shall be paid
for each one (1) of such publications, the expense to be paid by the
company; and provided further, that it shall be the duty of the
commissioner to furnish such company with a certified copy of such
statement or report whenever so requested to do by any officer of
such company. (Formerly: Acts 1899, c.134, s.1.) As amended by P.L.252-1985,
SEC.125; P.L.11-1987, SEC.29. IC 27-2-2-2 Fees of insurance commissioner
Sec. 2. The insurance commissioner shall charge and collect for
the state of Indiana the sum of five dollars ($5) in each and every
case for the examination of the charter and five dollars ($5) in each
and every case for the examination of the statement and investigation
of evidence of the investment of the assets of such company in
accordance with the provisions of their respective charters, and two
dollars ($2) for each certified copy of such statement, and shall pay
the same over to the treasurer of state to go into the general fund of
the state; provided, however, the provisions of this chapter shall not
apply to farmers' mutual fire insurance associations organized under
special act since the year 1852, and doing business strictly under the
assessment plan. (Formerly: Acts 1899, c.134, s.2.) As amended by P.L.252-1985,
SEC.126.
IC 27-2-2
Chapter 2. Annual Statement by Special Charter Companies
IC 27-2-2-1 Time of filing; contents; duties of insurance commissioner
Sec. 1. (a) Every company created by special act of the general
assembly of the state of Indiana for the purpose of transacting the
business of insurance shall, on or before the third Monday of January
of each year, furnish the insurance commissioner with a statement,
verified by the oaths of the president and secretary of said company
and signed by a majority of the directors of such company, which
statement shall show the following:
(1) First, the name and locality of the company.
(2) Second, the amount of its capital stock.
(3) Third, the amount of its capital stock paid-in.
(4) Fourth, the assets of the company, including the following:
(A) The amount of cash on hand and in the hands of agents
or other persons.
(B) The value of its real estate.
(C) The bonds owned by the company and how they are
secured, with the rate of interest.
(D) Debts to the company secured by mortgage.
(E) Debts otherwise secured.
(F) Debts for premiums.
(G) All other securities.
(5) Fifth, the amount of liabilities due or not due to banks or
other creditors of the company.
(6) Sixth, losses adjusted and due.
(7) Seventh, losses adjusted and not due.
(8) Eighth, losses unadjusted.
(9) Ninth, losses in suspense waiting for further proof.
(10) Tenth, all other claims against the company.
(11) Eleventh, the greatest amount insured in any one (1) risk.
(12) Twelfth, the greatest amount allowed by the rules of the
company to be insured in any one (1) city or town.
(13) Thirteenth, the greatest amount allowed to be insured in
any one (1) block.
(b) The insurance commissioner shall cause a copy of such annual
statement to be published in the two (2) leading daily newspapers of
the state having the largest general circulation and also in some
newspaper of general circulation, printed and published in the city or
town in which the principal office of such company is located,
provided that not more than one dollar ($1) per square shall be paid
for each one (1) of such publications, the expense to be paid by the
company; and provided further, that it shall be the duty of the
commissioner to furnish such company with a certified copy of such
statement or report whenever so requested to do by any officer of
such company. (Formerly: Acts 1899, c.134, s.1.) As amended by P.L.252-1985,
SEC.125; P.L.11-1987, SEC.29. IC 27-2-2-2 Fees of insurance commissioner
Sec. 2. The insurance commissioner shall charge and collect for
the state of Indiana the sum of five dollars ($5) in each and every
case for the examination of the charter and five dollars ($5) in each
and every case for the examination of the statement and investigation
of evidence of the investment of the assets of such company in
accordance with the provisions of their respective charters, and two
dollars ($2) for each certified copy of such statement, and shall pay
the same over to the treasurer of state to go into the general fund of
the state; provided, however, the provisions of this chapter shall not
apply to farmers' mutual fire insurance associations organized under
special act since the year 1852, and doing business strictly under the
assessment plan. (Formerly: Acts 1899, c.134, s.2.) As amended by P.L.252-1985,
SEC.126.
