Indiana § 27-6-6-5 - Statement of maximum amount of single fire insurance risk; limitation on amount assumed
Full text of Indiana Indiana Code § 27-6-6-5 — Statement of maximum amount of single fire insurance risk; limitation on amount assumed, with citation guidance and answers to common questions.
§ 27-6-6-5. Statement of maximum amount of single fire insurance risk; limitation on amount assumed
Sec. 5. There shall be filed with the department of insurance, state of Indiana, by such attorney, whenever the department of insurance shall so require, a statement under oath of such attorney, showing, in the case of fire or casualty classifications as authorized by the insurance laws of Indiana, except title insurance, the maximum amount of indemnity upon a single risk, and no reciprocal shall assume on any single fire or casualty classifications as authorized by the insurance laws of Indiana, except title insurance, risk in an amount greater than ten percent (10%) of the net worth of the reciprocal.
Formerly: Acts 1919, c.102, s.5; Acts 1967, c.232, s.4. As amended by P.L.116-1994, SEC.53; P.L.255-1995, SEC.6.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-6-6-5
What does Indiana Code § 27-6-6-5 cover?
Section 27-6-6-5 ("Statement of maximum amount of single fire insurance risk; limitation on amount assumed") 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 § 27-6-6-5?
A common citation format is "Indiana Code § 27-6-6-5" (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 § 27-6-6-5 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.