Indiana § 27-1-35-9 Threshold limit of premiums

Indiana Statutes

§ 27-1-35-9 — Threshold limit of premiums

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

The provisions of sections 11 through 14 of
this chapter apply if, in any calendar year, the aggregate amount of
gross written premiums on business placed with a controlled insurer by
a controlling producer is equal to or greater than five percent (5%) of
the admitted assets of the controlled insurer, as reported in the
controlled insurer's quarterly statement filed as of September 30 of the
prior year.

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The provisions of sections 11 through 14 of
this chapter apply if, in any calendar year, the aggregate amount of
gross written premiums on business placed with a controlled insurer by
a controlling producer is equal to or greater than five percent (5%) of
the admitted assets of the controlled insurer, as reported in the
controlled insurer's quarterly statement filed as of September 30 of the
prior year.

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