Indiana § 27-9-3.1-17 Avoidance of transfer by receiver

Indiana Statutes

§ 27-9-3.1-17 — Avoidance of transfer by receiver

Indiana § 27-9-3.1-17

Title 27INSURANCE

Art. 9SUPERVISION; REHABILITATION;

Ch. 3.1Treatment of Certain Agreements

This text of Indiana § 27-9-3.1-17 (Avoidance of transfer 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 § 27-9-3.1-17 (2026).

Text

Notwithstanding IC 27-9-3 and this chapter, a receiver may not avoid a transfer of money or other property arising in connection with:

(1)a netting agreement or qualified financial contract;

(2)a pledge, security, collateral, reimbursement, guarantee agreement, or similar security agreement; or

(3)an arrangement or credit enhancement relating to a netting agreement or qualified financial contract; made before the commencement of a formal delinquency proceeding under IC 27-9-3. However, a receiver may avoid a transfer made with actual intent to hinder, delay, or defraud the insurer, the insurer's receiver, or creditors.

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Notwithstanding IC 27-9-3 and this chapter,
a receiver may not avoid a transfer of money or other property arising
in connection with:
(1) a netting agreement or qualified financial contract;
(2) a pledge, security, collateral, reimbursement, guarantee
agreement, or similar security agreement; or
(3) an arrangement or credit enhancement relating to a netting
agreement or qualified financial contract;
made before the commencement of a formal delinquency proceeding
under IC 27-9-3. However, a receiver may avoid a transfer made with
actual intent to hinder, delay, or defraud the insurer, the insurer's
receiver, or creditors.