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Indiana Code Title 27. Insurance § 27-9-1-4

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

Sec. 4. (a) A receiver appointed in a proceeding under IC 27-9 may at any time apply for, and any court with general jurisdiction may grant, restraining orders, preliminary and permanent injunctions, and other orders as considered necessary and proper to prevent any of the following:

(1) The transaction of further business.

(2) The transfer of property.

(3) Interference with the receiver or with a proceeding under IC 27-9.

(4) Waste of the insurer's assets.

(5) Dissipation and transfer of bank accounts.

(6) The institution or further prosecution of any actions or precedings  1.

(7) The obtaining of preferences, judgments, attachments, garnishments, or liens against the insurer, its assets or its policyholders.

(8) The levying of execution against the insurer, its assets, or its policyholders.

(9) The making of any sale or deed for nonpayment of taxes or assessments that would lessen the value of the assets of the insurer.

(10) The withholding from the receiver of books, accounts, documents, or other records relating to the business of the insurer.

(11) Any other threatened or contemplated action that might lessen the value of the insurer's assets or prejudice the rights of policyholders, creditors, or shareholders, or the administration of any proceeding under IC 27-9.

(b) The receiver may apply to any court outside of Indiana for the relief described in subsection (a).

1  So in 1979 enrolled act.
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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-9-1-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-9-1-4/

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