Ind. Code § 27-1-12.1-15
Rules
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2025
As of January 1, 2018
Sec. 15. (a) The commissioner may adopt rules under IC 4-22-2 to implement this chapter.
Sec. 15. (a) The commissioner may adopt rules under IC 4-22-2 to implement this chapter.
(b) The rules adopted under subsection (a) may specify the following concerning limited purpose subsidiaries:
(b) The rules adopted under subsection (a) may specify the following concerning limited purpose subsidiaries:
(1) Requirements for reserves, including actuarial certification.
(1) Requirements for reserves, including actuarial certification.
(2) Requirements for securities.
(2) Requirements for securities.
(3) Authorized investments.
(3) Authorized investments.
(4) Requirements with respect to reinsurance ceded or assumed by the limited purpose subsidiary.
(4) Requirements with respect to reinsurance ceded or assumed by the limited purpose subsidiary.
(5) Requirements for dividends and distributions.
(5) Requirements for dividends and distributions.
(6) Requirements for operations.
(6) Requirements for operations.
(7) Conditions of, forms for, and approval of the financing of a limited purpose subsidiary.
(7) Conditions of, forms for, and approval of the financing of a limited purpose subsidiary.
(c) The commissioner may adopt emergency rules under IC 4-22-2-37.1 to implement this section if the commissioner determines that:
(1) the need for a rule is so immediate and substantial that rulemaking procedures under IC 4-22-2-23 through IC 4-22-2-36 are inadequate to address the need; and
(2) an emergency rule is likely to address the need.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.