Indiana § 27-9-3.1-13 Damages

Indiana Statutes

§ 27-9-3.1-13 — Damages

Indiana § 27-9-3.1-13

Title 27INSURANCE

Art. 9SUPERVISION; REHABILITATION;

Ch. 3.1Treatment of Certain Agreements

This text of Indiana § 27-9-3.1-13 (Damages) 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 § 27-9-3.1-13 (2026).

Text

(a)If a counterparty to a netting agreement or qualified financial contract with an insurer that is subject to a proceeding under IC 27-9-3 terminates, liquidates, closes out, or accelerates the netting agreement or qualified financial contract, damages must be measured as of the date of termination, liquidation, close-out, or acceleration.

(b)The amount of a claim for damages under subsection (a) is equal to the actual direct compensatory damages calculated in accordance with section 19 of this chapter.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) If a counterparty to a netting agreement
or qualified financial contract with an insurer that is subject to a
proceeding under IC 27-9-3 terminates, liquidates, closes out, or
accelerates the netting agreement or qualified financial contract,
damages must be measured as of the date of termination, liquidation,
close-out, or acceleration.
(b) The amount of a claim for damages under subsection (a) is equal
to the actual direct compensatory damages calculated in accordance
with section 19 of this chapter.