Sec. 14. (a) An insurer must report all material nonrenewals, cancellations, or revisions of ceded reinsurance agreements on a nonconsolidated basis unless: (1) the insurer is part of a consolidated group of insurers that uses a: (A) pooling arrangement; or (B) one hundred percent (100%) reinsurance agreement; that affects the solvency and integrity of the insurer's reserves; and (2) the insurer ceded substantially all of its direct and assumed business to the pool. (b) An insurer is considered to have ceded substantially all of its direct and assumed business to a pool under subsection (a) if the insurer has less than one million dollars ($1,000,000) total direct plus assumed written premiums during a calendar year that are not subject to a pooling arrangement and the net income of the business not subject to the pooling arrangement represents less than five percent (5%) of the insurer's capital and surplus. IC 27-2-19 Chapter 19. Fraud Investigation Information Exchange 27-2-19-0.1 Application of chapter 27-2-19-1 "Governmental agency" defined 27-2-19-2 "Insurer" defined 27-2-19-3 "Law enforcement agency" defined 27-2-19-4 "Person" defined 27-2-19-5 "Political subdivision" defined 27-2-19-6 Authorization or release from claimant; when required; exceptions 27-2-19-7 Immunity from liability 27-2-19-8 Obtaining medical records and reports in claims for bodily injury 27-2-19-9 Conflict of laws
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.