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§ 27-5-1-4-4 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 27 - Insurance/
  5. Article 5.1 - Farm Mutual Insurance Companies/
  6. Chapter 4 - Extended Farm Mutual Insurance Companies27-5.1-4-1. Extended Company Requirements/
  7. § 27-5-1-4-4
Indiana Legal Code

§ 27-5-1-4-4

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An extended company shall comply with the following financial and reinsurance requirements if the extended company provides the types of insurance described in section 3 of this chapter:(1) The extended company shall maintain a policyholder surplus as required under IC 27-1-6-15.(2) The net retention per risk that an extended company may maintain may not exceed two-tenths percent (0.2%) of the extended company's insurance in force.As added by P.L.129-2003, SEC.8.