{"data":{"id":"us-in/ic-27-5.1-2-41","jurisdiction":"us-in","citation":"IC 27-5.1-2-41","heading":"Election to be subject to Indiana insurance law","body":"Sec. 41. (a) A farm mutual insurance company may elect to be subject to the provisions of IC 27-1, as provided by IC 27-1-11-1, with the rights, privileges, and franchises provided under IC 27-1.\n(b) An election under subsection (a) becomes effective on the date of issuance of a new certificate of authority under IC 27-1-11-7.\n(c) An insurance policy that is:\n(1) issued or bound by a farm mutual insurance company that makes an election under subsection (a); and\n(2) in effect on the date the election becomes effective;\nis not invalidated by IC 27-1, but remains in full force and effect until expiration or termination of the insurance policy. However, IC 27-1 applies to an insurance policy described in this subsection beginning three (3) years after the date the election becomes effective.","path":["TITLE 27. INSURANCE","ARTICLE 5.1. FARM MUTUAL INSURANCE COMPANIES","Chapter 2. Farm Mutual Insurance Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-5.1-2-41","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"b89b013097aa3626fad172c1bc0d4df32939eecf7087535f4834671b8fc14849","source_id":"us-in","stale":false,"prev":"us-in/ic-27-5.1-2-40","next":"us-in/ic-27-5.1-2-42"},"notice":"GroundRules: Original legal text. Not legal advice."}