Indiana § 27-6-1.1-1 Definitions

Indiana Statutes

§ 27-6-1.1-1 — Definitions

Indiana § 27-6-1.1-1

Title 27INSURANCE

Art. 6REINSURANCE; INTERINSURANCE;

Ch. 1.1Reinsurance

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Bluebook

Ind. Code § 27-6-1.1-1 (2026).

Text

As used in this chapter:
"Accepting insurer" means the insurer that is a party to a
reinsurance transaction and that reinsures insurance, annuity, and
endowment risks or liabilities of another insurer.
"Assumption reinsurance" means a transaction in which one (1)
insurer assumes all or a portion of the insurance, annuity, and
endowment risks or liabilities of another insurer and thereby becomes
directly and primarily liable to the insured, beneficiary, or policyholder
under the policies and contracts subject to the reinsurance transaction.
"Ceding insurer" means the insurer that is a party to a reinsurance
transaction and whose insurance, annuity, and endowment risks or
liabilities are reinsured.
"Indemnity reinsurance" means a transaction in which one (1)
insurer agrees to indemnify anoth

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As used in this chapter:
"Accepting insurer" means the insurer that is a party to a
reinsurance transaction and that reinsures insurance, annuity, and
endowment risks or liabilities of another insurer.
"Assumption reinsurance" means a transaction in which one (1)
insurer assumes all or a portion of the insurance, annuity, and
endowment risks or liabilities of another insurer and thereby becomes
directly and primarily liable to the insured, beneficiary, or policyholder
under the policies and contracts subject to the reinsurance transaction.
"Ceding insurer" means the insurer that is a party to a reinsurance
transaction and whose insurance, annuity, and endowment risks or
liabilities are reinsured.
"Indemnity reinsurance" means a transaction in which one (1)
insurer agrees to indemnify another insurer for all or a portion of the
insurance, annuity, and endowment risks or liabilities of the ceding
insurer.