Additional Provisions Pertaining to All Insurance Companies and Policy Language Simplification (IC 27-1-20, 27-1-26)
Indiana Code Title 27, Article 1
Edition and licensing notes
Edition. Indiana Code 2025 edition (page meta T_ICTITLE_S_YEAR="2025"; official Title 27 PDF footer reads "Indiana Code 2025"; source credits run through the 2025 regular session, P.L. numbers dated 2025)
Status. IN statutes, public domain (state government edict).
What this document is
Indiana Code Title 27, Article 1 - Additional Provisions Pertaining to All Insurance Companies and Policy Language Simplification (IC 27-1-20, 27-1-26) is a state statute published by iga.in.gov. It is one of the Indiana documents that insurance license exam questions are written from, including indiana life & health, 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.
- Ind. Code tit. 27 § 27-1-20-33(f) (Annual Statement Blank, Additional Filings and Quarterly Statements; Filings With NAIC)
“(f) The commissioner may suspend, revoke, or refuse to renew the certificate of authority of an insurer that fails to file the insurer's Annual Statement Blank or quarterly statements with the NAIC or with the department within the time allowed by subsection (b) or (c).”
- Ind. Code tit. 27 § 27-1-20-35(b) (Insurer Response to Department Request)
“(b) A written inquiry or request described in subsection (a) must do all of the following: (1) Be addressed to the individual who holds the position that the company has designated as the position reasonably capable of processing such an inquiry or request. (2) Specify that the inquiry or request...”
- Ind. Code tit. 27 § 27-1-20-36(d) (Health Insurer Withdrawal From Individual Market)
“(d) An insurer shall, at least one hundred eighty (180) days before withdrawing from the individual health insurance market in Indiana, provide to the department written notice of the insurer's intent to withdraw.”
- Ind. Code tit. 27 § 27-1-20-19 (Misrepresentation of Funds Available to Pay Losses or Policy Claims)
“No company doing business in this state or agent thereof shall state or represent by advertisement in any newspaper, periodical or magazine or by any sign, circular, card, policy of insurance or certificate of renewal thereof or otherwise that any funds or assets are in possession of such company...”
- Ind. Code tit. 27 § 27-1-20-30(c) (Rebate of Premium or Commission; Unfair Competition)
“(c) No insured person or party or applicant for insurance shall directly or indirectly, receive or accept, or agree to receive or accept, any rebate of premium or of any part thereof, or all or any part of any insurance producer's or broker's commission thereon, or any favor or advantage, or share...”
- Indiana Code Title 27, Article 1 - Additional Provisions Pertaining to All Insurance Companies, Ind. Code § 27-1-26-9
“Sec. 9. The commissioner may authorize a policy to be issued for delivery in Indiana with a score lower than the score required by section 3 of this chapter if he finds that the lower score: (1) will provide a more accurate reflection of the readability of a policy form; (2) is necessary because of...”
- Indiana Code Title 27, Article 1 - Additional Provisions Pertaining to All Insurance Companies, Ind. Code § 27-1-26-4
“Sec. 4. A non-English language policy that is issued for delivery in Indiana is in compliance with this chapter if the insurer issuing the policy certifies that the policy if translated into English would comply with section 3 of this chapter.”
- IC § 27-1-20-30(c) (Rebate of Premium or Commission; Unfair Competition)
“(c) No insured person or party or applicant for insurance shall directly or indirectly, receive or accept, or agree to receive or accept, any rebate of premium or of any part thereof, or all or any part of any insurance producer's or broker's commission thereon, or any favor or advantage, or share...”
- IC § 27-1-20-33(f) (Annual Statement Blank; Certificate of Authority)
“(f) The commissioner may suspend, revoke, or refuse to renew the certificate of authority of an insurer that fails to file the insurer's Annual Statement Blank or quarterly statements with the NAIC or with the department within the time allowed by subsection (b) or (c).”
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