Indiana Code 27-1-12.1-15. Rules

Sec. 15. (a) The commissioner may adopt rules under IC 4-22-2 to implement this chapter.

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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

(b) The rules adopted under subsection (a) may specify the following concerning limited purpose subsidiaries:

(1) Requirements for reserves, including actuarial certification.

(2) Requirements for securities.

(3) Authorized investments.

(4) Requirements with respect to reinsurance ceded or assumed by the limited purpose subsidiary.

(5) Requirements for dividends and distributions.

(6) Requirements for operations.

(7) Conditions of, forms for, and approval of the financing of a limited purpose subsidiary.

As added by P.L.11-2011, SEC.7. Amended by P.L.115-2011, SEC.6; P.L.93-2024, SEC.194.