Ind. Code § 27-1-4.1-10
This is the official text of Ind. Code § 27-1-4.1-10, 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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Additional information; CGAD preparation requirements
Official statutory text
Sec. 10. (a) If a CGAD contains the material information necessary to allow the reviewing commissioner to understand the insurer's or insurance group's corporate governance structure, policies, and procedures, the insurer or insurance group may determine whether to respond to a request from the reviewing commissioner for additional information.
(b) If the reviewing commissioner considers additional information to be material and necessary to provide a clear understanding of an insurer's or insurance group's:
(1) corporate governance structure, policies, and procedures;
(2) reporting or information system; or
(3) controls implementing subdivisions (1) and (2);
the commissioner may request the additional information.
(c) A CGAD must be:
(1) prepared in a manner consistent with the NAIC's Corporate Governance Annual Disclosure Model Regulation; and
(2) made available to the commissioner upon:
(A) examination under IC 27-1-3.1; or
(B) request of the commissioner.
As added by P.L.146-2015, SEC.19.
(b) If the reviewing commissioner considers additional information to be material and necessary to provide a clear understanding of an insurer's or insurance group's:
(1) corporate governance structure, policies, and procedures;
(2) reporting or information system; or
(3) controls implementing subdivisions (1) and (2);
the commissioner may request the additional information.
(c) A CGAD must be:
(1) prepared in a manner consistent with the NAIC's Corporate Governance Annual Disclosure Model Regulation; and
(2) made available to the commissioner upon:
(A) examination under IC 27-1-3.1; or
(B) request of the commissioner.
As added by P.L.146-2015, SEC.19.
Status: in_force · Read it on the official government site
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