Indiana § 27-1-40-8 - Insolvency proceedings
Full text of Indiana Indiana Code § 27-1-40-8 — Insolvency proceedings, with citation guidance and answers to common questions.
§ 27-1-40-8. Insolvency proceedings
Sec. 8. If the commissioner determines from a quarterly or annual statement, a trusteed surplus statement, or another report that a United States branch's trusteed surplus is less than:
(1) the minimum capital and surplus requirements; or
(2) the authorized control level risk based capital requirements;
whichever is greater, that apply to a domestic insurer granted a certificate of authority to transact the same kind of insurance business in Indiana, the commissioner may proceed under IC 27-9 against the United States branch as if the United States branch were an insurer in such condition that further transaction by the insurer of insurance business in the United States would be hazardous to the insurer's policyholders, creditors, or residents of the United States.
As added by P.L.173-2007, SEC.20.
IC 27-1-41Chapter 41. Group Personal Excess or Umbrella Liability Insurance
27-1-41-1"Certificate" 27-1-41-2"Group" 27-1-41-3"Group administrator" 27-1-41-4"Group insurance policy" 27-1-41-5Authorization to issue group insurance policy 27-1-41-6Group eligibility requirements 27-1-41-7Rates 27-1-41-8Premium payment 27-1-41-9Certificate of coverage; notice 27-1-41-10Cancellation; refusal to renew 27-1-41-11Administrative rules
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-1-40-8
What does Indiana Code § 27-1-40-8 cover?
Section 27-1-40-8 ("Insolvency proceedings") 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 § 27-1-40-8?
A common citation format is "Indiana Code § 27-1-40-8" (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 § 27-1-40-8 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.