27-5.1-2-4. Proposed farm mutual insurance company requirements for certificate of authority

IN Code § 27-5.1-2-4 (2019) (N/A)
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Sec. 4. A farm mutual insurance company that is established after June 30, 2003, must have at least:

(1) two hundred fifty (250) applications for insurance policies; and

(2) one hundred thousand dollars ($100,000) in annual direct written premiums;

before issuing an insurance policy.

As added by P.L.129-2003, SEC.8.