Indiana Code Title 27, Article 1
Classification of Insurance, Admission of Foreign and Alien Companies to Transact Business in Indiana, and Additional Provisions Pertaining to Foreign and Alien Companies (IC 27-1-5, 27-1-17, 27-1-18)
Edition and licensing notes
Publisher. Indiana General Assembly (iga.in.gov)
Edition. Indiana Code 2026 edition (page meta T_ICTITLE_S_YEAR="2026"; the publisher's own article PDF prints "Indiana Code 2026" in the footer of every page; source credits run through P.L. numbers dated 2026)
Status. IN statutes, public domain (state government edict).
What this document is
Indiana Code Title 27, Article 1 - Classification of Insurance, Admission of Foreign and Alien Companies to Transact Business in Indiana, and Additional Provisions Pertaining to Foreign and Alien Companies (IC 27-1-5, 27-1-17, 27-1-18) is a state statute published by Indiana General Assembly (iga.in.gov). It is one of the Indiana documents that insurance license exam questions are written from, including indiana property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- IC § 27-1-5-1 (Classification of Insurance; Class 2(k); Fidelity and Surety Obligations)
“(k) To become surety or guarantor for any person, partnership or corporation in any position or place of trust or as custodian of money or property, public or private; to become a surety or guarantor for the performances by any person, copartnership or corporation of any lawful obligation,...”
- IC § 27-1-5-1 (Classification of Insurance; Class 3(a); Property Insurance)
“(a) To make insurance on buildings and personal property of every description against loss or damage, including loss of use or occupancy, caused by fire, smoke or smudge, lightning or other electrical disturbance, earthquake, windstorm, cyclone, tornado, tempest, hail, frost or snow, ice, sleet,...”
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