{"data":{"id":"us-in/ic-27-1-20-31","jurisdiction":"us-in","citation":"IC 27-1-20-31","heading":"Restrictions on interlocking directorates","body":"Sec. 31. Insurance corporations may have interlocking directorates, provided no person at the same time shall be a director in two (2) or more insurance corporations where the effect may be to substantially lessen competition generally or tend to create a monopoly. Whenever the commissioner of insurance has reason to believe that there is a violation of this section, he shall have the authority to proceed to an adjudication of the violation under IC 4-21.5-3.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 20. Additional Provisions Pertaining to All Insurance Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-20-31","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"fc8608b4b0e962ab7e5aa88cffe3066fa28ac59bf52ef7ffcc7c097c6afef1b3","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-20-30","next":"us-in/ic-27-1-20-32"},"notice":"GroundRules: Original legal text. Not legal advice."}