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§ 27-1-12-1-5 — Indiana Law | CourtGPT
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  2. Laws/
  3. Indiana/
  4. Title 27 - Insurance/
  5. Article 1 - Department of Insurance/
  6. Chapter 12.1 - Limited Purpose Subsidiary Life Insurance Companies27-1-12.1-1. Affiliate/
  7. § 27-1-12-1-5
Indiana Legal Code

§ 27-1-12-1-5

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As used in this chapter, 'risk' means a risk:(1) that is associated with a life insurance policy that is:(A) written by a ceding domestic life insurance company; or(B) assumed by a ceding domestic life insurance company from an affiliate; and(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.