Indiana Code
Chapter 12.1. Limited Purpose Subsidiary Life Insurance Companies
27-1-12.1-9. Authority of Limited Purpose Subsidiary

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 27-6-10.1 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
(3) may access alternative forms of financing.
As added by P.L.11-2011, SEC.7. Amended by P.L.115-2011, SEC.3; P.L.130-2020, SEC.3.

Structure Indiana Code