Ind. Code § 27-1-12.1-9
Authority of limited purpose subsidiary
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2023
As of January 1, 2018
Sec. 9. A limited purpose subsidiary that is granted a certificate of authority by the commissioner under this chapter:
Sec. 9. A limited purpose subsidiary that is granted a certificate of authority by the commissioner under this chapter:
(1) is authorized to engage in the business of reinsurance for purposes of IC 27-6-10 only for the lines of insurance for which the: (A) organizing domestic life insurance company; and (B) affiliates of the organizing domestic life insurance company; are authorized;
(1) is authorized to engage in the business of reinsurance for purposes of IC 27-6-10.1 only for the lines of insurance for which the: (A) organizing domestic life insurance company; and (B) affiliates of the organizing domestic life insurance company; are authorized;
(2) may reinsure only risks of:
(A) the organizing domestic life insurance company; and
(B) affiliates of the organizing domestic life insurance company; and
(2) may reinsure only risks of:
(A) the organizing domestic life insurance company; and
(B) affiliates of the organizing domestic life insurance company; and
(3) may access alternative forms of financing.
(3) may access alternative forms of financing.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.