Ind. Code § 27-1-20-19
This is the official text of Ind. Code § 27-1-20-19, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Misrepresentation of funds available to pay losses or policy claims
Official statutory text
Sec. 19. No company doing business in this state or agent thereof shall state or represent by advertisement in any newspaper, periodical or magazine or by any sign, circular, card, policy of insurance or certificate of renewal thereof or otherwise that any funds or assets are in possession of such company which are not actually owned by it and available for the payment of losses and claims and held for the protection of its policyholders and creditors. Funds deposited by any company, under depository laws of this or other states, shall be considered as in the company's possession for the payment of losses or policy claims.
Formerly: Acts 1935, c.162, s.267.
Formerly: Acts 1935, c.162, s.267.
Status: in_force · Read it on the official government site
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