Chapter 2. Farmers' Mutual Insurance
Sec. 1. Every farm mutual insurance company authorized on or
after March 11, 1955, to make the kinds of insurance and reinsurance
permitted under and pursuant to the provisions of IC 27-5.1-2 is
hereby authorized to write, make, or take, in addition to the kinds of
reinsurance authorized under IC 27-5.1-2, any kind or kinds of
reinsurance on lines of insurance or hazards which they cede and
shall not write, make, or take reinsurance on any hazard or lines of
insurance that they do not themselves cede to other reinsurers.
(Formerly: Acts 1955, c.330, s.1.) As amended by P.L.252-1985,
SEC.211; P.L.129-2003, SEC.10.
Construction of acts
Sec. 2. The rights and powers conferred in this chapter shall be
supplemental and in addition to those conferred by law as of March
11, 1955, upon such farm mutual insurance companies.
(Formerly: Acts 1955, c.330, s.2.) As amended by P.L.252-1985,
SEC.212; P.L.129-2003, SEC.11.