Indiana Statutes

§ 27-1-35-3 — "Captive insurer" defined

Indiana § 27-1-35-3
JurisdictionIndiana
Title 27INSURANCE
Art. 1DEPARTMENT OF INSURANCE
Ch. 35Business Transacted With Producer Controlled Property

This text of Indiana § 27-1-35-3 ("Captive insurer" defined) 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 § 27-1-35-3 (2026).

Text

As used in this chapter, "captive insurer" means an insurance company owned by another organization whose exclusive purpose is to insure risks of the parent organization and affiliated companies, or in the case of groups and associations, insurance organizations owned by the insureds whose exclusive purpose is to insure risks of any of the following:

(1)Member organizations.
(2)Group members and their affiliates.
(3)Member organizations and group members and their affiliates.

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Legislative History

As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.

Nearby Sections

15
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Bluebook (online)
Indiana § 27-1-35-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-1-35-3.