Order to limit or disallow payment of ordinary shareholder dividends

Ind. Code § 27-1-3-27
in effect
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Sec. 27. The department shall establish and follow a practice under which the department issues an order to limit or disallow the payment of ordinary shareholder dividends by a domestic insurer if the domestic insurer is found to be financially distressed or troubled. As added by P.L.130-1994, SEC.6 and P.L.116-1994, SEC.10.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/27Fetched: 10/17/2026

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