Indiana § 27-9-3.1-15 Transfers by receiver

Indiana Statutes

§ 27-9-3.1-15 — Transfers by receiver

Indiana § 27-9-3.1-15

Title 27INSURANCE

Art. 9SUPERVISION; REHABILITATION;

Ch. 3.1Treatment of Certain Agreements

This text of Indiana § 27-9-3.1-15 (Transfers by receiver) 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 § 27-9-3.1-15 (2026).

Text

In making a transfer of a netting agreement or qualified financial contract of an insurer that is subject to a proceeding under IC 27-9-3, the receiver shall either:

(1)transfer to one (1) party, other than an insurer subject to a proceeding under IC 27-9-3, all netting agreements and qualified financial contracts between a counterparty or an affiliate of a counterparty and the insurer that is the subject of the proceeding, including:

(A)all rights and obligations of each party; and

(B)all property, including guarantees or credit enhancements, that secures claims of each party; under each netting agreement and qualified financial contract; or

(2)transfer none of the netting agreements, qualified financial contracts, rights, obligations, or property referred to in subdivision (1) with r

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In making a transfer of a netting agreement
or qualified financial contract of an insurer that is subject to a
proceeding under IC 27-9-3, the receiver shall either:
(1) transfer to one (1) party, other than an insurer subject to a
proceeding under IC 27-9-3, all netting agreements and qualified
financial contracts between a counterparty or an affiliate of a
counterparty and the insurer that is the subject of the proceeding,
including:
(A) all rights and obligations of each party; and
(B) all property, including guarantees or credit enhancements,
that secures claims of each party;
under each netting agreement and qualified financial contract; or
(2) transfer none of the netting agreements, qualified financial
contracts, rights, obligations, or property referred to in
subdivision (1) with respect to a counterparty or an affiliate of a
counterparty.