Sec. 5. As used in this chapter, "risk" means a risk:
(1) that is associated with a life insurance policy that is:
(A) written by a ceding domestic life insurance company; or
(B) assumed by a ceding domestic life insurance company from an affiliate; and
(2) for which a ceding domestic life insurance company holds direct statutory reserves for the policy as required under IC 27-1-12-10.5.