Sec. 17. Notwithstanding IC 27-9-3 and this chapter, a receiver may not avoid a transfer of money or other property arising in connection with: (1) a netting agreement or qualified financial contract; (2) a pledge, security, collateral, reimbursement, guarantee agreement, or similar security agreement; or (3) an arrangement or credit enhancement relating to a netting agreement or qualified financial contract; made before the commencement of a formal delinquency proceeding under IC 27-9-3 . However, a receiver may avoid a transfer made with actual intent to hinder, delay, or defraud the insurer, the insurer's receiver, or creditors.
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