§ 27-9-3.1-4 — "Contractual right"

Indiana § 27-9-3.1-4

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 9: SUPERVISION; REHABILITATION
• Ch. 3.1: Treatment of Certain Agreements

Text

As used in this chapter, "contractual right"
includes the following:
(1) A right set forth in a rule, bylaw, or resolution of the
governing board of any of the following:
(A) A derivatives clearing organization (as defined in the
federal Commodity Exchange Act (7 U.S.C. 1 et seq.)).
(B) A multilateral clearing organization (as defined in the
Federal Deposit Insurance Corporation Improvement Act (12
U.S.C. 1821)).
(C) A national securities exchange, national securities
association, or securities clearing agency.
(D) A contract market designated under the federal Commodity
Exchange Act (7 U.S.C. 1 et seq.).
(E) A derivatives transaction execution facility registered under
the federal Commodity Exchange Act (7 U.S.C. 1 et seq.).
(F) A board of trade (as defined in the federal Commodity
Exchange Act (7 U.S.C. 1 et seq.)).
(2) A right, regardless of whether evidenced in writing, arising:
(A) under statutory or common law;
(B) under the law merchant; or
(C) by reason of normal business practice.

Legislative History

As added by P.L.11-2011, SEC.36.