Indiana § 27-11-8-2 - Annual financial statement
Full text of Indiana Indiana Code § 27-11-8-2 — Annual financial statement, with citation guidance and answers to common questions.
§ 27-11-8-2. Annual financial statement
Sec. 2. (a) Reports shall be filed in accordance with this section.
(b) Every society transacting business in this state shall annually, before March 1, unless for cause shown the time has been extended by the commissioner:
(1) file with the commissioner:
(A) a true statement of its financial condition, transactions, and affairs for the preceding calendar year on the Annual Statement Blank for fraternal benefit societies; and
(B) any additional information required by the commissioner; and
(2) pay a fee of twenty-five dollars ($25) for filing the statement.
(c) As part of the annual statement required in this section, each society shall, before March 1, file with the commissioner a valuation of its certificates in force on December 31 last preceding, provided the commissioner may for cause shown, extend the time for filing the valuation for not more than two (2) calendar months. The valuation shall be done in accordance with the standards specified in section 1 of this chapter. The valuation and underlying data shall be certified by a qualified actuary or, at the expense of the society, verified by the actuary of the department of insurance of the state of domicile of the society.
(d) A society neglecting to file the annual statement in the form and within the time provided by this section shall forfeit one hundred dollars ($100) for each day during which the neglect continues, and, upon notice by the commissioner to that effect, its authority to do business in Indiana shall cease while the default continues.
As added by P.L.262-1985, SEC.1. Amended by P.L.31-1988, SEC.24; P.L.124-2018, SEC.87.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-11-8-2
What does Indiana Code § 27-11-8-2 cover?
Section 27-11-8-2 ("Annual financial statement") 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 § 27-11-8-2?
A common citation format is "Indiana Code § 27-11-8-2" (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 § 27-11-8-2 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.