Indiana Code 27-1-36-38. Consultants to commissioner
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Sec. 38. (a) The commissioner may retain actuaries, investment experts, and other consultants that the commissioner determines to be necessary to:
(2) examine or analyze the assets, liabilities, and operations of the insurer; and
(1) review the insurer‘s RBC plan or revised RBC plan;
Terms Used In Indiana Code 27-1-36-38
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
- corrective order: means an order issued by the commissioner that specifies the corrective actions that the commissioner determines are required. See Indiana Code 27-1-36-7
- insurer: includes :
Indiana Code 27-1-36-9.6
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- RBC: refers to risk based capital. See Indiana Code 27-1-36-16
- RBC plan: means a comprehensive financial plan containing the elements specified in section 30 of this chapter. See Indiana Code 27-1-36-19
(3) formulate the corrective order with respect to the insurer.
(b) The reasonable costs and expenses relating to consultants shall be paid by the affected insurer or another party, as directed by the commissioner.
As added by P.L.186-1996, SEC.1.