§ 27-1-4.1-10 — Additional information; CGAD preparation requirements

Indiana § 27-1-4.1-10

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 4.1: Corporate Governance Annual Disclosure

Text

(a) If a CGAD contains the material
information necessary to allow the reviewing commissioner to
understand the insurer's or insurance group's corporate governance
structure, policies, and procedures, the insurer or insurance group may
determine whether to respond to a request from the reviewing
commissioner for additional information.
(b) If the reviewing commissioner considers additional information
to be material and necessary to provide a clear understanding of an
insurer's or insurance group's:
(1) corporate governance structure, policies, and procedures;
(2) reporting or information system; or
(3) controls implementing subdivisions (1) and (2);
the commissioner may request the additional information.
(c) A CGAD must be:
(1) prepared in a manner consistent with the NAIC's Corporate
Governance Annual Disclosure Model Regulation; and
(2) made available to the commissioner upon:
(A) examination under IC 27-1-3.1; or
(B) request of the commissioner.

Legislative History

As added by P.L.146-2015, SEC.19.