Skip to main content
Find a Lawyer

Indiana Code Title 27. Insurance § 27-1-3.5-3.3

Current as of January 01, 2026 | Updated by Findlaw Staff

Sec. 3.3. As used in this chapter, “internal control over financial reporting” means a process effected by a domestic insurer's board of directors, management, or other personnel that is designed to provide reasonable assurance regarding the reliability of financial statements of the domestic insurer, including the following:

(1) The items specified in section 7(c)(2) through section 7(c)(6) and section 7(d) of this chapter.

(2) Policies and procedures that do the following:

(A) Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect transactions and deposit of assets.

(B) Provide reasonable assurance that:

(i) transactions are recorded as necessary to permit preparation of the financial statements;  and

(ii) receipts and expenditures are made only in accordance with the authorization of management and the board of directors.

(C) Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of assets that may have a material effect on the financial statements.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-1-3.5-3.3 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-1-3-5-3-3/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard