Indiana Code

Ind. Code § 27-9-1-6 (2026)

Bonds of commissioner and deputies

✓ current as of May 2026
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     Sec. 6. In any proceeding under IC 27-9, the commissioner and his deputies are responsible on their official bonds for the faithful performance of their duties. If the court considers it desirable for the protection of the insurer's assets, the court may at any time require an additional bond from the commissioner or his deputies. Those bonds shall be paid for out of the assets of the insurer as a cost of administration.

As added by Acts 1979, P.L.255, SEC.1.

 

IC 27-9-2Chapter 2. Summary Proceedings

 

           27-9-2-1Practices or condition of domestic insurers requiring control or supervision
           27-9-2-2Petition; orders
           27-9-2-3Confidential nature of records and documents

 

Notes of Decisions
Cited in 2 cases, 1988–1990 · leading case: Allied Fid. Ins. v. Ruth, 790 P.2d 206 (Wash. Ct. App. 1990).
Allied Fid. Ins. v. Ruth, 790 P.2d 206 (Wash. Ct. App. 1990). “Code § 27-9-3-7 (b) Ind. Code § 27-9-1-6 RCW 48.31.130 Ind. Code § 27-9-4-3 Ind.”
Allied Fid. Ins. v. Cont'l Illinois Nat'l Bank & Trust Co. of Chicago, 677 F. Supp. 562 (N.D. Ill. 1988). “See Ind.Code § 27-9-1-6 (1979) (“In any proceeding under IC 27-9, the commissioner and his deputies are responsible on their official bonds for the faithful performance of their duties.”
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