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Indiana Code Title 27. Insurance § 27-5.1-2-28

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 28. If a farm mutual insurance company willfully violates a provision of an order under section 26 of this chapter, the commissioner may do the following:

(1) Impose a civil penalty on the farm mutual insurance company of not more than ten thousand dollars ($10,000).

(2) Suspend or revoke the farm mutual insurance company's certificate of authority.

(3) Institute proceedings to enjoin the farm mutual insurance company from conducting further business.

(4) Institute proceedings to wind up the affairs of the farm mutual insurance company.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-5.1-2-28 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-5-1-2-28/

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