As used in this chapter, "risk" means a risk:

1. (1) that is associated with a life insurance policy that is:

   1. (A) written by a ceding domestic life insurance company; or
   2. (B) assumed by a ceding domestic life insurance company from an affiliate; and
2. (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.