Indiana § 27-1-12.1-9 Authority of limited purpose subsidiary

Indiana Statutes

§ 27-1-12.1-9 — Authority of limited purpose subsidiary

Indiana § 27-1-12.1-9

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 12.1Limited Purpose Subsidiary Life Insurance

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Bluebook

Ind. Code § 27-1-12.1-9 (2026).

Text

A limited purpose subsidiary that is granted a certificate of authority by the commissioner under this chapter:

(1)is authorized to engage in the business of reinsurance for purposes of IC 27-6-10.1 only for the lines of insurance for which the:

(A)organizing domestic life insurance company; and

(B)affiliates of the organizing domestic life insurance company; are authorized;

(2)may reinsure only risks of:

(A)the organizing domestic life insurance company; and

(B)affiliates of the organizing domestic life insurance company; and

(3)may access alternative forms of financing.

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A limited purpose subsidiary that is granted
a certificate of authority by the commissioner under this chapter:
(1) is authorized to engage in the business of reinsurance for
purposes of IC 27-6-10.1 only for the lines of insurance for which
the:
(A) organizing domestic life insurance company; and
(B) affiliates of the organizing domestic life insurance
company;
are authorized;
(2) may reinsure only risks of:
(A) the organizing domestic life insurance company; and
(B) affiliates of the organizing domestic life insurance
company; and
(3) may access alternative forms of financing.