Indiana · Indiana Code — full code (public domain; via Open US Law, CC BY 4.0)
Ind. Code § 27-1-7-15: Ind. Code § 27-1-7-15
What this law says, in plain English
Insurance company directors and officers cannot lend to or borrow from the company, except for certain policy-secured loans, relocation mortgages, and continuation of existing valid loans. Violations constitute Class B misdemeanors.
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.