Indiana Code 27-7-10-4. “Hazardous financial condition” defined
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Sec. 4. As used in this chapter, “hazardous financial condition” means that, based on its present or reasonably anticipated financial condition, a risk retention group, although not yet financially impaired or insolvent, is unlikely to be able to:
(2) pay other obligations in the normal course of business.
(1) meet obligations to policyholders with respect to known claims and reasonably anticipated claims; or
Terms Used In Indiana Code 27-7-10-4
- risk retention group: includes a corporation or limited liability association described in subsection (a)(3)(B):
Indiana Code 27-7-10-11
As added by P.L.162-1988, SEC.2.