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27-7-2-35. Record of rejected risks referred by bureau to members; effect of writing rejected risk as regular business

IN Code § 27-7-2-35 (2019) (N/A)
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Sec. 35. The bureau shall keep a record of all risks referred to members as carrying company, coming within the provisions of section 29 of this chapter, and this record shall be open to any bureau member or its authorized representative. Any member may at any time write as regular business any risk which is carried by any other member as a carrying company, under the provisions of section 29 and such carrying company shall cancel such policy on a pro rata premium basis or thereafter carry such risk in its entirety as regular business.

Formerly: Acts 1935, c.323, s.35. As amended by P.L.252-1985, SEC.243.

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27-7-2-35. Record of rejected risks referred by bureau to members; effect of writing rejected risk as regular business