Indiana § 27-1-36-51 Liquidation of property of foreign insurer

Indiana Statutes

§ 27-1-36-51 — Liquidation of property of foreign insurer

Indiana § 27-1-36-51

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 36Risk Based Capital Requirements

This text of Indiana § 27-1-36-51 (Liquidation of property of foreign insurer) 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 § 27-1-36-51 (2026).

Text

If:

(1)a mandatory control level event occurs with respect to a foreign insurer; and

(2)no domiciliary receiver has been appointed with respect to the foreign insurer under the rehabilitation and liquidation statute applicable in the state of domicile of the foreign insurer; the commissioner may apply to the Marion County circuit court with respect to the liquidation of property of the foreign insurer that is found in Indiana. The occurrence of the mandatory control level event is adequate grounds for the application.

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If:
(1) a mandatory control level event occurs with respect to a
foreign insurer; and
(2) no domiciliary receiver has been appointed with respect to the
foreign insurer under the rehabilitation and liquidation statute
applicable in the state of domicile of the foreign insurer;
the commissioner may apply to the Marion County circuit court with
respect to the liquidation of property of the foreign insurer that is found
in Indiana. The occurrence of the mandatory control level event is
adequate grounds for the application.