Section 27-1-12.1-9 - Authority of limited purpose subsidiary 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.Amended by P.L. 130-2020,SEC. 3, eff. 7/1/2020.Amended by P.L. 115-2011, SEC. 3, eff. 5/9/2011.Added by P.L. 11-2011, SEC. 7, eff. 4/6/2011.