Indiana § 27-1-12-3.5 Intangible assets attributable to investment in subsidiary; exceptions

Indiana Statutes

§ 27-1-12-3.5 — Intangible assets attributable to investment in subsidiary; exceptions

Indiana § 27-1-12-3.5

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 12Life Insurance Company Powers and Policy

This text of Indiana § 27-1-12-3.5 (Intangible assets attributable to investment in subsidiary; exceptions) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-1-12-3.5 (2026).

Text

5. Goodwill, trade names, and other like intangible assets attributable to any investment in a subsidiary shall be admitted as assets except:

(1)to the extent that the aggregate amount thereof exceeds ten percent (10%) of the capital and surplus of the insurer as reported in its latest annual report filed with the commissioner;

(2)to the extent that any such asset is not being amortized ratably over a period of ten (10) years or less from the date of acquisition; and

(3)in determining the financial condition or solvency of an insurer under IC 27-9.

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5. Goodwill, trade names, and other like
intangible assets attributable to any investment in a subsidiary shall be
admitted as assets except:
(1) to the extent that the aggregate amount thereof exceeds ten
percent (10%) of the capital and surplus of the insurer as reported
in its latest annual report filed with the commissioner;
(2) to the extent that any such asset is not being amortized ratably
over a period of ten (10) years or less from the date of acquisition;
and
(3) in determining the financial condition or solvency of an
insurer under IC 27-9.