Ind. Code § 27-1-12.1-15
This is the official text of Ind. Code § 27-1-12.1-15, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Rules
Official statutory text
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:
(1) Requirements for reserves, including actuarial certification.
(2) Requirements for securities.
(3) Authorized investments.
(4) Requirements with respect to reinsurance ceded or assumed by the limited purpose subsidiary.
(5) Requirements for dividends and distributions.
(6) Requirements for operations.
(7) Conditions of, forms for, and approval of the financing of a limited purpose subsidiary.
As added by P.L.11-2011, SEC.7. Amended by P.L.115-2011, SEC.6; P.L.93-2024, SEC.194.
(b) The rules adopted under subsection (a) may specify the following concerning limited purpose subsidiaries:
(1) Requirements for reserves, including actuarial certification.
(2) Requirements for securities.
(3) Authorized investments.
(4) Requirements with respect to reinsurance ceded or assumed by the limited purpose subsidiary.
(5) Requirements for dividends and distributions.
(6) Requirements for operations.
(7) Conditions of, forms for, and approval of the financing of a limited purpose subsidiary.
As added by P.L.11-2011, SEC.7. Amended by P.L.115-2011, SEC.6; P.L.93-2024, SEC.194.
Status: in_force · Read it on the official government site
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