Sec. 12. (a) The association is subject to examination and regulation by the commissioner. The association shall annually submit to the commissioner, not later than one hundred twenty (120) days after the end of the association’s fiscal year, a financial report in a form approved by the commissioner and a report of its activities during the preceding fiscal year.

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Terms Used In Indiana Code 27-8-8-12

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) Upon the request of a member insurer, the association shall provide to the member insurer a copy of the reports described in subsection (a).

As added by Acts 1978, P.L.129, SEC.3. Amended by P.L.193-2006, SEC.26.

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