# Ind. Code § 27-1-34-7: Insolvency; notification of department

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-7

## Section

- **Citation:** Ind. Code § 27-1-34-7
- **Heading:** Insolvency; notification of department
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 27 / Article 1 / Chapter 34 / Section 27-1-34-7

## Text

Sec. 7. If any domestic multiple employer welfare arrangement is insolvent or in imminent danger of insolvency, or fails or suspends operation between periods of examination authorized, it is a class A misdemeanor for the highest officer then actively in charge of such multiple employer welfare arrangement to knowingly fail to notify the department immediately of such condition, failure, or suspension.

As added by P.L.1-1992, SEC.149.

## Nearby sections

- [Ind. Code § 27-1-34-1 "Arrangement" or "Multiple employer welfare arrangement"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-1.md)
- [Ind. Code § 27-1-34-1.5 Interlocal cooperation agreements](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-1.5.md)
- [Ind. Code § 27-1-34-2 Certificate of registration](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-2.md)
- [Ind. Code § 27-1-34-3 Benefits under an employee benefit plan](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-3.md)
- [Ind. Code § 27-1-34-4 Annual statement](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-4.md)
- [Ind. Code § 27-1-34-5 Application of insurance law](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-5.md)
- [Ind. Code § 27-1-34-6 Examination of arrangements; revocation or suspension of certificate of registration](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-6.md)
- [Ind. Code § 27-1-34-7 Insolvency; notification of department](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-7.md)
- [Ind. Code § 27-1-34-8 Reinsurers and insurance producers; multiple employer welfare arrangement](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-8.md)
- [Ind. Code § 27-1-34-8.5 Stop loss policy issued to arrangement providing benefits to public entity](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-8.5.md)
- [Ind. Code § 27-1-34-9 Rules](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-9.md)
- [Ind. Code § 27-1-34-10 Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C34_S27-1-34-7. Check the current official text before relying on it. Not legal advice.