Indiana § 27-1-4.1-7 Level of disclosure

Indiana Statutes

§ 27-1-4.1-7 — Level of disclosure

Indiana § 27-1-4.1-7

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 4.1Corporate Governance Annual Disclosure

This text of Indiana § 27-1-4.1-7 (Level of disclosure) 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 § 27-1-4.1-7 (2026).

Text

(a)Subject to subsection (b), an insurer or insurance group may complete a CGAD using corporate governance information at the level of disclosure at which the insurer's or insurance group's system of corporate governance is structured, as follows:

(1)The ultimate controlling parent level.

(2)An intermediate holding company level.

(3)The individual legal entity level.

(b)An insurer or insurance group may, but is not required to, choose the level of disclosure at which to complete a CGAD under subsection

(a)according to one (1) of the following criteria:

(1)The level at which the insurer's or insurance group's risk tolerance is determined.

(2)The level at which the insurer's or insurance group's earnings, capital, liquidity, operations, and reputation are:

(A)collectively overseen;

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(a) Subject to subsection (b), an insurer or
insurance group may complete a CGAD using corporate governance
information at the level of disclosure at which the insurer's or insurance
group's system of corporate governance is structured, as follows:
(1) The ultimate controlling parent level.
(2) An intermediate holding company level.
(3) The individual legal entity level.
(b) An insurer or insurance group may, but is not required to, choose
the level of disclosure at which to complete a CGAD under subsection
(a) according to one (1) of the following criteria:
(1) The level at which the insurer's or insurance group's risk
tolerance is determined.
(2) The level at which the insurer's or insurance group's earnings,
capital, liquidity, operations, and reputation are:
(A) collectively overseen; and
(B) supervised.
(3) The level at which legal liability for failure of general
corporate governance would be placed.
(c) If the insurer or insurance group chooses the level of disclosure
at which to complete a CGAD under subsection (a) according to a
criterion described in subsection (b), the insurer or insurance group
shall:
(1) indicate which of the three (3) criteria was used to determine
the level of disclosure; and
(2) explain any change in the level of disclosure that is
subsequently used.