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House Bill 1554


 

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House Bill 1554

ARCHIVE (2001)

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DIGEST OF HB1554 (Updated April 12, 2001 10:40 AM - DI 84)

Insurance technical correction. Codifies a section of the Indiana administrative code concerning investments of an insurance company in a subsidiary company. Removes the requirement that an application for admission by an insurance company include copies of forms of all policies that the insurance company proposes to issue in Indiana and copies of the forms of application for the policies. Defines "primary company" for purposes of regulation of insurance companies to mean a domestic insurance company that owns more than 50% of a subsidiary company. Defines "subsidiary company" for purposes of regulation of insurance companies to include an entity of which an insurance company is the beneficial owner of more than 50%. Makes conforming amendments.
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