Regulation of Insurance Rates (IC 27-1-22)
Indiana Code Title 27, Article 1, Chapter 22
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, Chapter 22 - Regulation of Insurance Rates (IC 27-1-22) 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 § 27-1-22-3(c) (Regulation of Insurance Rates; Guidelines for Establishing Rates; "Fleet" or "Fleet Policy")
“(c) For the purpose of making rates upon automobiles and other motor vehicles under the provisions of this chapter, the terms "fleet" or "fleet policy" shall mean an insurance risk of five (5) or more automobiles and other vehicles of any kind, all owned by one (1) insured and all under one (1)...”
- IC § 27-1-22-6(a) (Bad-Faith Filing Defined)
“A "bad-faith filing", as used in this chapter, means a rate filing made by any filer who, in bad faith, files a rate which it knows, or should know, is grossly inadequate for the insurance coverage provided, and which is filed and used for the purpose of unfairly obtaining a particular risk or...”
- IC § 27-1-22-25(c) and (d) (Bankruptcy Petitioners; Rating Prohibition)
“(c) A motor vehicle insurance rating plan filed under section 4 of this chapter may not establish a higher rate for a policyholder based on the fact that the policyholder has filed a voluntary petition under the federal bankruptcy law (11 U.S.C. 101 et seq.). (d) The premium rate for an individual...”
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