Sec. 3.5. Goodwill, trade names, and other like intangible assets attributable to any investment in a subsidiary shall be admitted as assets except: (1) to the extent that the aggregate amount thereof exceeds ten percent (10%) of the capital and surplus of the insurer as reported in its latest annual report filed with the commissioner; (2) to the extent that any such asset is not being amortized ratably over a period of ten (10) years or less from the date of acquisition; and (3) in determining the financial condition or solvency of an insurer under IC 27-9 .
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