Authority of limited purpose subsidiary

Sec. 9. A limited purpose subsidiary that is granted a certificate of authority by the commissioner under this chapter: (1) is authorized to engage in the business of reinsurance for purposes of IC 27-6-10.1 only for the lines of insurance for which the: (A) organizing domestic life insurance company; and (B) affiliates of the organizing domestic life insurance company; are authorized; (2) may reinsure only risks of: (A) the organizing domestic life insurance company; and (B) affiliates of the organizing domestic life insurance company; and (3) may access alternative forms of financing. As added by P.L.11-2011, SEC.7. Amended by P.L.115-2011, SEC.3; P.L.130-2020, SEC.3.