Indiana Code 27-1-12.1-12. Purchase of reinsurance
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Terms Used In Indiana Code 27-1-12.1-12
- Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
- limited purpose subsidiary: means a subsidiary life insurance company that is organized under this chapter. See Indiana Code 27-1-12.1-2
Sec. 12. A limited purpose subsidiary may, upon approval of the commissioner, purchase reinsurance to cede the reinsurance risks assumed by the limited purpose subsidiary.
As added by P.L.11-2011, SEC.7.