State Codes and Statutes
Statutes > Indiana > Title27 > Ar2 > Ch4IC 27-2-4
Chapter 4. Receivers
IC 27-2-4-1
Powers of attorney general
Sec. 1. No suit or action seeking the appointment of a receiver for
any domestic insurance company, whether stock or mutual, organized
and doing business under the laws of Indiana and subject to
supervision and examination of the insurance commissioner or other
department of state, shall be instituted or maintained, or a receiver
appointed by any court, except and only in an action instituted by the
attorney general, on the request of the insurance commissioner or
other department of state having supervision of such corporation;
provided, nothing in this section shall affect any litigation pending
on May 15, 1919, in any court of record.
(Formerly: Acts 1919, c.101, s.1.) As amended by P.L.252-1985,
SEC.127.
