Ind. Code § 27-1-12.1-15 – Rules | Midpage

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Indiana Code

§ 15

Ind. Code § 27-1-12.1-15

Rules

As added by P.L.11-2011, SEC.7. Amended by P.L.115-2011, SEC.6; P.L.93-2024, SEC.194.

Versions (2)

As of

Dec 31, 2024Current
Dec 31, 2017

(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. (1) Requirements for reserves, including actuarial certification.
2. (2) Requirements for securities.
3. (3) Authorized investments.
4. (4) Requirements with respect to reinsurance ceded or assumed by the limited purpose subsidiary.
5. (5) Requirements for dividends and distributions.
6. (6) Requirements for operations.
7. (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.