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.
As added by P.L.11-2011, SEC.7.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 12.1. Limited Purpose Subsidiary Life Insurance Companies
27-1-12.1-2. Limited Purpose Subsidiary
27-1-12.1-3. Organizing Domestic Life Insurance Company
27-1-12.1-6. Organization of Limited Purpose Subsidiary
27-1-12.1-7. Requirements for Assumption of Risk
27-1-12.1-8. Certificate of Authority; Conditions; Production and Disclosures to Commissioner
27-1-12.1-9. Authority of Limited Purpose Subsidiary
27-1-12.1-10. Investment of Organizing Domestic Life Insurance Company
27-1-12.1-11. Officers and Directors
27-1-12.1-12. Purchase of Reinsurance