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§ 27-9-3-1-13 — Indiana Law | CourtGPT
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  2. Laws/
  3. Indiana/
  4. Title 27 - Insurance/
  5. Article 9 - Supervision; Rehabilitation; Liquidation/
  6. Chapter 3.1 - Treatment of Certain Agreements27-9-3.1-1. "Actual Direct Compensatory Damages"/
  7. § 27-9-3-1-13
Indiana Legal Code

§ 27-9-3-1-13

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(a) If a counterparty to a netting agreement or qualified financial contract with an insurer that is subject to a proceeding under IC 27-9-3 terminates, liquidates, closes out, or accelerates the netting agreement or qualified financial contract, damages must be measured as of the date of termination, liquidation, close-out, or acceleration.(b) The amount of a claim for damages under subsection (a) is equal to the actual direct compensatory damages calculated in accordance with section 19 of this chapter.As added by P.L.11-2011, SEC.36.