Sec. 5. As used in this chapter, "risk" means a risk: (1) that is associated with a life insurance policy that is: (A) written by a ceding domestic life insurance company; or (B) assumed by a ceding domestic life insurance company from an affiliate; and (2) for which a ceding domestic life insurance company holds direct statutory reserves for the policy as required under IC 27-1-12-10.5. As added by P.L.11-2011, SEC.7.
Risk
Ind. Code § 27-1-12.1-5, under Limited Purpose Subsidiary Life Insurance Companies.
Ind. Code § 27-1-12.1-5