Indiana § 27-1-22-18 - Deviation from authorized premium charge; discounts and rebates as inducement to insure; commissions for insurance producers
Full text of Indiana Indiana Code § 27-1-22-18 — Deviation from authorized premium charge; discounts and rebates as inducement to insure; commissions for insurance producers, with citation guidance and answers to common questions.
§ 27-1-22-18. Deviation from authorized premium charge; discounts and rebates as inducement to insure; commissions for insurance producers
Sec. 18. (a) This section does not prohibit activities allowed under IC 27-1-47.
(b) No insurer, broker, or insurance producer shall knowingly charge, demand, or receive a premium for any policy of insurance except in accordance with the provisions of this chapter. No insurer or employee thereof, and no broker or insurance producer shall pay, allow, or give, directly or indirectly, as an inducement to insurance, or after insurance has been effected, any rebate, discount, abatement, credit, or reduction of the premium named in a policy of insurance, or any special favor or advantage in the dividends or other benefits to accrue thereon, or any valuable consideration or inducement whatever, not specified in the policy of insurance, except to the extent provided for in applicable filings. No insured named in any policy of insurance shall knowingly receive or accept, directly or indirectly, any such rebate, discount, abatement, credit or reduction of premium, or any such special favor or advantage or valuable consideration or inducement. Nothing in this section shall be construed as prohibiting the payment of, nor permitting the regulation of the payment of, commissions or other compensation to duly licensed insurance producers and brokers, nor as prohibiting, or permitting the regulation of, any insurer from allowing or returning to its participating policyholders or members, dividends or savings.
Formerly: Acts 1967, c.133, s.18. As amended by P.L.252-1985, SEC.119; P.L.178-2003, SEC.25; P.L.196-2021, SEC.21.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-1-22-18
What does Indiana Code § 27-1-22-18 cover?
Section 27-1-22-18 ("Deviation from authorized premium charge; discounts and rebates as inducement to insure; commissions for insurance producers") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 27-1-22-18?
A common citation format is "Indiana Code § 27-1-22-18" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 27-1-22-18 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.