Sec. 7. Upon the issuance of the certificate of reorganization by the secretary of state, the filing for record of the articles with the department and the county recorder as provided in section 6 of this chapter, and the issuance of the new certificate of authority provided for in section 6 of this chapter: (1) the reorganization shall become effective; (2) the corporation shall be entitled to all of the rights, privileges, immunities, powers, and franchises and be subject to all of the penalties, liabilities, and restrictions by the provisions of this article granted to or imposed upon corporations organized under this article; and (3) the articles of incorporation or organization shall be deemed to be amended to the extent, if any, that any provision or provisions of such articles shall be restated in the articles of reorganization as provided by section 2 of this chapter. Formerly: Acts 1935, c.162, s.145. As amended by P.L.252-1985, SEC.58. IC 27-1-12 Chapter 12. Life Insurance Company Powers and Policy Requirements 27-1-12-0.1 Application of certain amendments to chapter 27-1-12-1 Particular rights, privileges, and powers 27-1-12-2 Investments; categories, conditions, limitations, and standards 27-1-12-2.1 Repealed 27-1-12-2.2 Derivative transactions 27-1-12-2.4 Participation in certain investment pools; requirements for pooling agreements 27-1-12-2.5 Investments; assets of certain segregated investment accounts; limitations and exceptions 27-1-12-3 Real estate 27-1-12-3.5 Intangible assets attributable to investment in subsidiary; exceptions 27-1-12-4 Valuation of bonds and securities 27-1-12-5 Required provisions of policies between July 1, 1935, and transition date or January 1, 1948 27-1-12-6 Required provisions of policies after transition date or January 1, 1948 27-1-12-7 Required provisions relating to defaulting or surrendering policyholder 27-1-12-8 Prohibited provisions 27-1-12-9 Repealed 27-1-12-10 Repealed 27-1-12-10.1 Repealed 27-1-12-10.5 Rules for minimum standards for establishment of reserves 27-1-12-11 Deposit of assets to cover reserve valuation and liabilities; additional deposits; foreign deposits; continuation of deposits under superseded laws 27-1-12-12 Transition period; selection of date; effect 27-1-12-13 Filing form of policy with department; objections; effect on right to issue 27-1-12-14 Designation of beneficiary; change of beneficiary; eligible beneficiaries; exemption of policy proceeds from claims of creditors 27-1-12-15 Competency of certain minors to contract for insurance and receive payments 27-1-12-16 Proceeds of life insurance; definition; payment to trustees 27-1-12-17 Authority of corporation to insure life of director, officers, agent, or employee; consent to change of beneficiary 27-1-12-17.1 Acquisition of insurable interest in and policy on life of employee 27-1-12-18 Contract to extend time for premium payments 27-1-12-19 Ascertainment of indebtedness due upon policy or premium loans; interest 27-1-12-20 Premium deposits; maximum; inclusion in cash surrender value; disposition; withdrawal 27-1-12-21 Power to hold proceeds under trust or other agreement with policyholder 27-1-12-22 Impairment of assets or capital; notice of time for restoration; suspension of right to issue new policies 27-1-12-23 Procedure for converting domestic stock life insurance company into mutual life insurance company 27-1-12-24 Offering stock or certificates as inducement for purchase of insurance or annuity; revocation of authority 27-1-12-25 Misrepresentation of policy terms or benefits; inducing policyholder to lapse, forfeit, or surrender insurance 27-1-12-26 Fraudulent representations; offense 27-1-12-27 Repealed 27-1-12-28 Repealed 27-1-12-29 Group life insurance; exemption of proceeds from legal process 27-1-12-30 Group life insurance; assignment of incidents of ownership 27-1-12-31 Authority to issue life or endowment insurance upon group plan; special premium rates; valuation of policies; segregation 27-1-12-32 Financial qualifications of companies issuing certain contracts 27-1-12-33 Variable life insurance policies; contents; regulation 27-1-12-34 Repealed 27-1-12-34.1 Wholesale, franchise, and employee term life insurance; issuance or delivery; requirements 27-1-12-35 Life insurance proceeds; payment; time limit; liability for interest 27-1-12-36 Repealed 27-1-12-37 Group life insurance; eligible policyholders; regulations 27-1-12-38 Group life insurance; requirements for issuance of policy to certain groups 27-1-12-39 Direct response solicitations; notice of payment of compensation 27-1-12-40 Group life insurance; premiums; spouse or dependent child coverage 27-1-12-41 Group life insurance; required provisions 27-1-12-42 Group life insurance; conversion rights; notice; time to exercise rights 27-1-12-43 Life insurance provision allowing for right to return policy 27-1-12-44 Stranger originated life insurance allegation; lack of insurable interest 27-1-12-45 Execution of POST form does not affect life insurance; prohibition on consideration of POST form in determining life insurance premiums 27-1-12-46 Policy or certificate designated for purchase of funeral services or merchandise; representations by issuer; required disclosures; violations
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