Sec. 7. As used in this chapter, "licensed insurer" or "insurer" means any person, firm, association, or corporation licensed to transact a property/casualty insurance business in Indiana. The following are not licensed insurers for the purposes of this chapter:
(1) All risk retention groups (as defined in the Superfund Amendments Reauthorization Act of 1986, Pub. L. No. 99-499, 100 Stat. 1613 (1986), the Risk Retention Act, 15 U.S.C. Section 3901 et seq. (1982 & Supp. 1986), and IC 27-7-10-11).
(2) All residual market pools and joint underwriting authorities or associations.
(3) All captive insurers.
As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers
27-1-35-1. Applicability of Law
27-1-35-3. "Captive Insurer" Defined
27-1-35-4. "Control" or "Controlled" Defined
27-1-35-5. "Controlled Insurer" Defined
27-1-35-6. "Controlling Producer" Defined
27-1-35-7. "Licensed Insurer" or "Insurer" Defined
27-1-35-9. Threshold Limit of Premiums
27-1-35-10. Exempt Transactions
27-1-35-11. Written Contract Requirement
27-1-35-13. Opinions of Independent Casualty Actuaries or Independent Loss Reserve Specialists
27-1-35-15. Notice of Relationship
27-1-35-16. Orders to Cease Placing Business
27-1-35-17. Civil Actions by Commissioner