CHAPTER 7. LAWSUITS CONCERNING INTERINSURANCE.PROCEDURE
IC 27-6-7
Chapter 7. Lawsuits Concerning Interinsurance.Procedure
IC 27-6-7-1
Actions by or against attorney in fact for subscribers; effect of
judgment
Sec. 1. All suits with reference to any matter or claim arising out
of, or having any connection with any contract or agreement issued
or executed, or any obligation or liability incurred at any reciprocal
or interinsurance exchange, shall be brought only by, or against, the
attorney in fact for subscribers at said reciprocal or interinsurance
exchange, and any judgment obtained or rendered against said
attorney in fact, as such, shall be valid and binding on all subscribers
exchanging reciprocal or interinsurance contracts through such
attorney in fact at said exchange, to the extent to which such
subscribers are obligated or may be obligated.
(Formerly: Acts 1937, c.35, s.1.)