Terms Used In Indiana Code > Title 27 > Article 1 > Chapter 15.8 - Surplus Lines Producers

• Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
• affiliated group: means a group of affiliates. See Indiana Code 27-1-15.8-1
• Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
• Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
• Continuance: Putting off of a hearing ot trial until a later time.
• Contract: A legal written agreement that becomes binding when signed.
• control: means :

  Indiana Code 27-1-15.8-1

• Department: means "the department of insurance" of this state. See Indiana Code 27-1-2-3
• home state: means the following:

  Indiana Code 27-1-15.8-1

• Insurance: means a contract of insurance or an agreement by which one (1) party, for a consideration, promises to pay money or its equivalent or to do an act valuable to the insured upon the destruction, loss or injury of something in which the other party has a pecuniary interest, or in consideration of a price paid, adequate to the risk, becomes security to the other against loss by certain specified risks; to grant indemnity or security against loss for a consideration. See Indiana Code 27-1-2-3
• insurer: means a company, firm, partnership, association, order, society or system making any kind or kinds of insurance and shall include associations operating as Lloyds, reciprocal or inter-insurers, or individual underwriters. See Indiana Code 27-1-2-3
• member: means one who holds a contract of insurance or is insured in an insurance company other than a stock corporation. See Indiana Code 27-1-2-3
• Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
• nonadmitted insurance policy or contract: means an insurance policy or contract that is issued by an insurer that is not authorized to transact the business of insurance under the law of the home state. See Indiana Code 27-1-15.8-1
• premium: means money or any other thing of value paid or given in consideration to an insurer, insurance producer, or solicitor on account of or in connection with a contract of insurance and shall include as a part but not in limitation of the above, policy fees, admission fees, membership fees and regular or special assessments and payments made on account of annuities. See Indiana Code 27-1-2-3
• principal place of business: means , with respect to determining the home state of an insured, the state where the:

  Indiana Code 27-1-15.8-1

• Property: includes personal and real property. See Indiana Code 1-1-4-5
• United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5