A limited purpose subsidiary that is granted a certificate of authority by the commissioner under this chapter:

1. (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:

   1. (A) organizing domestic life insurance company; and

   2. (B) affiliates of the organizing domestic life insurance company;

      are authorized;

2. (2) may reinsure only risks of:

   1. (A) the organizing domestic life insurance company; and
   2. (B) affiliates of the organizing domestic life insurance company; and
3. (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.