Indiana § 27-1-12.1-15 Rules

Indiana Statutes

§ 27-1-12.1-15 — Rules

Indiana § 27-1-12.1-15

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 12.1Limited Purpose Subsidiary Life Insurance

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Bluebook

Ind. Code § 27-1-12.1-15 (2026).

Text

(a)The commissioner may adopt rules under IC 4-22-2 to implement this chapter.

(b)The rules adopted under subsection (a) may specify the following concerning limited purpose subsidiaries:

(1)Requirements for reserves, including actuarial certification.

(2)Requirements for securities.

(3)Authorized investments.

(4)Requirements with respect to reinsurance ceded or assumed by the limited purpose subsidiary.

(5)Requirements for dividends and distributions.

(6)Requirements for operations.

(7)Conditions of, forms for, and approval of the financing of a limited purpose subsidiary.

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(a) The commissioner may adopt rules
under IC 4-22-2 to implement this chapter.
(b) The rules adopted under subsection (a) may specify the
following concerning limited purpose subsidiaries:
(1) Requirements for reserves, including actuarial certification.
(2) Requirements for securities.
(3) Authorized investments.
(4) Requirements with respect to reinsurance ceded or assumed
by the limited purpose subsidiary.
(5) Requirements for dividends and distributions.
(6) Requirements for operations.
(7) Conditions of, forms for, and approval of the financing of a
limited purpose subsidiary.