Indiana § 27-9-3.1-18 Receiver's right of disaffirmance or repudiation

Indiana Statutes

§ 27-9-3.1-18 — Receiver's right of disaffirmance or repudiation

Indiana § 27-9-3.1-18

Title 27INSURANCE

Art. 9SUPERVISION; REHABILITATION;

Ch. 3.1Treatment of Certain Agreements

This text of Indiana § 27-9-3.1-18 (Receiver's right of disaffirmance or repudiation) 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 § 27-9-3.1-18 (2026).

Text

In exercising a receiver's right of disaffirmance or repudiation with respect to a netting agreement or qualified financial contract to which an insurer is a party, the receiver for the insurer shall either:

(1)disaffirm or repudiate 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; or

(2)disaffirm or repudiate none of the netting agreements and qualified financial contracts referred to in subdivision (1) with respect to a counterparty or an affiliate of a counterparty.

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In exercising a receiver's right of
disaffirmance or repudiation with respect to a netting agreement or
qualified financial contract to which an insurer is a party, the receiver
for the insurer shall either:
(1) disaffirm or repudiate 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;
or
(2) disaffirm or repudiate none of the netting agreements and
qualified financial contracts referred to in subdivision (1) with
respect to a counterparty or an affiliate of a counterparty.