Indiana Statutes

§ 27-1-35-7 — "Licensed insurer" or "insurer" defined

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 35 Business Transacted With Producer Controlled Property

As used in this chapter, "licensed insurer" or "insurer" means any person, firm, association, or corporation licensed to transact a property/casualty insurance business in Indiana. The following are not licensed insurers for the purposes of this chapter:

(1)All risk retention groups (as defined in the Superfund Amendments Reauthorization Act of 1986, Pub. L. No. 99-499, 100 Stat. 1613 (1986), the Risk Retention Act, 15 U.S.C. Section 3901 et seq. (1982 & Supp. 1986), and IC 27-7-10-11).
(2)All residual market pools and joint underwriting authorities or associations.
(3)All captive insurers.

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Related

§ 3901
15 U.S.C. § 3901

Legislative History

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

Nearby Sections

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