reglab/housing_qa huggingface dataset:
IN Code § 27-1-34-10 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 34. Multiple Employer Welfare Arrangements|27-1-34-10. Exemptions

Sec. 10. This chapter does not apply to a multiple employer welfare arrangement which offers or provides benefits which are fully insured by an authorized insurer or to an arrangement which is exempt under the federal Employee Retirement Income Security Act (29 U.S.C. 1001 et seq.).As added by P.L.1-1992, SEC.149.
IN Code § 27-1-35-1 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-1. Applicability of Law

Sec. 1. This chapter applies to licensed insurers either domiciled in Indiana or domiciled in a state that is not an accredited state having in effect a substantially similar law. All provisions of the Insurance Holding Company System Regulation Act, to the extent the provisions are not superseded by this chapter, continue to apply to all parties within holding company systems subject to this chapter.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-2 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-2. "Accredited State"

Sec. 2. As used in this chapter, "accredited state" means a state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established by the NAIC.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47. Amended by P.L.124-2018, SEC.55.
IN Code § 27-1-35-3 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-3. "Captive Insurer" Defined

Sec. 3. As used in this chapter, "captive insurer" means an insurance company owned by another organization whose exclusive purpose is to insure risks of the parent organization and affiliated companies, or in the case of groups and associations, insurance organizations owned by the insureds whose exclusive purpose is to insure risks of any of the following:(1) Member organizations.(2) Group members and their affiliates.(3) Member organizations and group members and their affiliates.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-4 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-4. "Control" or "Controlled" Defined

Sec. 4. As used in this chapter, "control" or "controlled" has the meaning set forth in IC 27-1-23-1.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-5 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-5. "Controlled Insurer" Defined

Sec. 5. As used in this chapter, "controlled insurer" means a licensed insurer that is controlled, directly or indirectly, by a producer.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-6 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-6. "Controlling Producer" Defined

Sec. 6. As used in this chapter, "controlling producer" means a producer that, directly or indirectly, controls an insurer.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-7 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-7. "Licensed Insurer" or "Insurer" Defined

Sec. 7. As used in this chapter, "licensed insurer" or "insurer" means any person, firm, association, or corporation licensed to transact a property/casualty insurance business in Indiana. The following are not licensed insurers for the purposes of this chapter:(1) All risk retention groups (as defined in the Superfund Amendments Reauthorization Act of 1986, Pub. L. No. 99-499, 100 Stat. 1613 (1986), the Risk Retention Act, 15 U.S.C. Section 3901 et seq. (1982 & Supp. 1986), and IC 27-7-10-11).(2) All residual market pools and joint underwriting authorities or associations.(3) All captive insurers.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-8 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-8. "Producer" Defined

Sec. 8. As used in this chapter, "producer" means an insurance broker or brokers or any other person, firm, association, or corporation, when, for any compensation, commission, or other thing of value, the person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of any insurance contract on behalf of an insured other than the person, firm, association, or corporation.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-9 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-9. Threshold Limit of Premiums

Sec. 9. The provisions of sections 11 through 14 of this chapter apply if, in any calendar year, the aggregate amount of gross written premiums on business placed with a controlled insurer by a controlling producer is equal to or greater than five percent (5%) of the admitted assets of the controlled insurer, as reported in the controlled insurer's quarterly statement filed as of September 30 of the prior year.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-10 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-10. Exempt Transactions

Sec. 10. Notwithstanding section 9 of this chapter, the provisions of sections 11 through 14 of this chapter do not apply if:(1) the controlling producer:(A) places insurance only with the controlled insurer, or only with the controlled insurer and a member or members of the controlled insurer's holding company system, or the controlled insurer's parent, affiliate, or subsidiary and receives no compensation based upon the amount of premiums written in connection with such insurance; and(B) accepts insurance placements only from nonaffiliated subproducers, and not directly from insureds; and(2) the controlled insurer, except for insurance business written through a residual market facility accepts insurance business only from a controlling producer, a producer controlled by the controlled insurer, or a producer that is a subsidiary of the controlled insurer.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-12 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-12. Audit Committees

Sec. 12. Each controlled insurer shall have an audit committee of the board of directors composed of independent directors. The audit committee shall annually meet with management, the insurer's independent certified public accountants, and an independent casualty actuary or other independent loss reserve specialist acceptable to the commissioner to review the adequacy of the insurer's loss reserves.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-13 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-13. Opinions of Independent Casualty Actuaries or Independent Loss Reserve Specialists

Sec. 13. In addition to any other required loss reserve certification, the controlled insurer shall annually, on April 1 of each year, file with the commissioner an opinion of an independent casualty actuary or such other independent loss reserve specialist acceptable to the commissioner reporting loss ratios for each line of business written and attesting to the adequacy of loss reserves established for losses incurred and outstanding as of year end (including incurred but not reported) on business placed by the producer.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-14 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-14. Annual Reports

Sec. 14. The controlled insurer shall annually report to the commissioner the amount of commissions paid to the producer, the percentage this amount represents of the net premiums written, and comparable amounts and percentage paid to noncontrolling producers for placements of the same kind of insurance.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-15 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-15. Notice of Relationship

Sec. 15. A producer, before the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer and the controlled insurer, except that, if the business is placed through a subproducer who is not a controlling producer, the controlling producer shall retain in the controlling producer's records a signed commitment from the subproducer that the subproducer is aware of the relationship between the insurer and the producer and that the subproducer has or will notify the insured.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-16 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-16. Orders to Cease Placing Business

Sec. 16. If the commissioner believes that the controlling producer or any other person has not materially complied with this chapter or any rule or order adopted under this chapter, after notice and opportunity to be heard, the commissioner may order the controlling producer to cease placing business with the controlled insurer.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-17 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-17. Civil Actions by Commissioner

Sec. 17. If the commissioner finds that because of a material noncompliance under section 16 of this chapter the controlled insurer or any policyholder of the controlled insurer has suffered any loss or damage, the commissioner may maintain a civil action or intervene in an action brought by or on behalf of the insurer or policyholder for recovery of compensatory damages for the benefit of the insurer or policyholder or other appropriate relief.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-18 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-18. Civil Actions by Receivers

Sec. 18. If an order for liquidation or rehabilitation of the controlled insurer has been entered under IC 27-9, and the receiver appointed under that order believes that the controlling producer or any other person has not materially complied with this chapter or any rule or order adopted under this chapter, and the insurer suffered any loss or damage therefrom, the receiver may maintain a civil action for recovery of damages or other appropriate sanctions for the benefit of the insurer.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-35-19 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers|27-1-35-19. Other Rights Not Affected

Sec. 19. Sections 16 through 18 of this chapter do not:(1) affect the right of the commissioner to impose any other penalties provided by Indiana law; or(2) in any manner alter or affect the rights of policyholders, claimants, creditors, or other third parties.As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.
IN Code § 27-1-36-1 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-1. Exemption From Applicability of Chapter

Sec. 1. The commissioner may exempt from the application of this chapter:(1) A domestic property and casualty insurer that:(A) writes direct business only in Indiana;(B) receives annual premiums from direct business written of not more than two million dollars ($2,000,000); and(C) assumes no reinsurance in excess of five percent (5%) of direct business written.(2) A health maintenance organization that:(A) operates only in Indiana; and(B) receives annual subscriber premiums (as defined in IC 27-13-1-33) of not more than two million dollars ($2,000,000).(3) A limited service health maintenance organization that:(A) operates only in Indiana;(B) receives annual subscriber premiums (as defined in IC 27-13-1-33) of not more than two million dollars ($2,000,000); and(C) covers not more than two thousand (2,000) enrollees.As added by P.L.186-1996, SEC.1. Amended by P.L.51-2002, SEC.1.
IN Code § 27-1-36-2 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-2. "Adjusted Rbc Report"

Sec. 2. As used in this chapter, "adjusted RBC report" means an RBC report that has been adjusted by the commissioner under section 28 of this chapter.As added by P.L.186-1996, SEC.1.
IN Code § 27-1-36-3 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-3. "Authorized Control Level Event"

Sec. 3. As used in this chapter, "authorized control level event" has the meaning set forth in section 39 of this chapter.As added by P.L.186-1996, SEC.1.
IN Code § 27-1-36-4 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-4. "Authorized Control Level Rbc"

Sec. 4. As used in this chapter, the "authorized control level RBC" means, with respect to an insurer, the number determined under the risk-based capital formula in accordance with the RBC Instructions.As added by P.L.186-1996, SEC.1. Amended by P.L.124-2018, SEC.56.
IN Code § 27-1-36-5 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-5. "Company Action Level Event"

Sec. 5. As used in this chapter, "company action level event" has the meaning set forth in section 29 of this chapter.As added by P.L.186-1996, SEC.1.
IN Code § 27-1-36-6 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-6. "Company Action Level Rbc"

Sec. 6. As used in this chapter, "company action level RBC" means, with respect to an insurer, the product of two (2) multiplied by the insurer's authorized control level RBC.As added by P.L.186-1996, SEC.1.
IN Code § 27-1-36-7 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-7. "Corrective Order"

Sec. 7. As used in this chapter, "corrective order" means an order issued by the commissioner that specifies the corrective actions that the commissioner determines are required.As added by P.L.186-1996, SEC.1.
IN Code § 27-1-36-8 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-8. "Domestic Insurer"

Sec. 8. As used in this chapter, "domestic insurer" means any:(1) insurance company;(2) health maintenance organization;(3) limited service health maintenance organization; or(4) fraternal benefit society;that is domiciled in Indiana.As added by P.L.186-1996, SEC.1. Amended by P.L.51-2002, SEC.2; P.L.276-2013, SEC.17.
IN Code § 27-1-36-9 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-9. "Foreign Insurer"

Sec. 9. As used in this chapter, "foreign insurer" means the following:(1) An insurer that is:(A) licensed to do business in Indiana under IC 27-1-17; but(B) not a domestic insurer.(2) A health maintenance organization that:(A) is organized under the laws of a state other than Indiana, a territory or another insular possession of the United States, or the District of Columbia; and(B) has obtained a certificate of authority under IC 27-13-2.(3) A limited service health maintenance organization that:(A) is organized under the laws of a state other than Indiana, a territory or another insular possession of the United States, or the District of Columbia; and(B) has obtained a certificate of authority under IC 27-13-34.(4) A fraternal benefit society that:(A) is organized under the laws of a state other than Indiana, a territory or another insular possession of the United States, or the District of Columbia; and(B) has obtained a certificate of authority under IC 27-11-8-5.As added by P.L.186-1996, SEC.1. Amended by P.L.51-2002, SEC.3; P.L.276-2013, SEC.18.
IN Code § 27-1-36-9.2 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-9.2. "Fraternal Benefit Society"

Sec. 9.2. As used in this chapter, "fraternal benefit society" refers to a society (as defined in IC 27-11-1-11) that holds a certificate of authority issued under IC 27-11-4 or IC 27-11-8-5.As added by P.L.276-2013, SEC.19.
IN Code § 27-1-36-9.3 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-9.3. "Health Insurer"

Sec. 9.3. As used in this chapter, "health insurer" means the following:(1) A health maintenance organization.(2) A limited service health maintenance organization.(3) An insurer that makes one (1) or more of the types of insurance described in Class 1(b) or Class 2(a) of IC 27-1-5-1.(4) An insurer that files a health Annual Statement Blank in accordance with the applicable Annual Statement Instructions.As added by P.L.276-2013, SEC.20. Amended by P.L.124-2018, SEC.57.
IN Code § 27-1-36-9.4 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-9.4. "Health Maintenance Organization"

Sec. 9.4. As used in this chapter, "health maintenance organization" has the meaning set forth in IC 27-13-1-19.As added by P.L.51-2002, SEC.4.
IN Code § 27-1-36-9.6 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-9.6. "Insurer"

Sec. 9.6. As used in this chapter, "insurer" includes:(1) a health maintenance organization;(2) a limited service health maintenance organization; and(3) a fraternal benefit society.As added by P.L.51-2002, SEC.5. Amended by P.L.276-2013, SEC.21.
IN Code § 27-1-36-9.8 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-9.8. "Limited Service Health Maintenance Organization"

Sec. 9.8. As used in this chapter, "limited service health maintenance organization" has the meaning set forth in IC 27-13-34-4.As added by P.L.51-2002, SEC.6.
IN Code § 27-1-36-10 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-10. "Life Insurer"

Sec. 10. As used in this chapter, "life insurer" means an insurer that makes one (1) or more of the types of insurance described in Class 1 of IC 27-1-5-1.As added by P.L.186-1996, SEC.1. Amended by P.L.276-2013, SEC.22.
IN Code § 27-1-36-11 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-11. "Mandatory Control Level Event"

Sec. 11. As used in this chapter, "mandatory control level event" has the meaning set forth in section 41 of this chapter.As added by P.L.186-1996, SEC.1.
IN Code § 27-1-36-12 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-12. "Mandatory Control Level Rbc"

Sec. 12. As used in this chapter, "mandatory control level RBC" means, with respect to an insurer, the product of seven-tenths (.7) multiplied by the insurer's authorized control level RBC.As added by P.L.186-1996, SEC.1.
IN Code § 27-1-36-13 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-13. "Naic"

Sec. 13. As used in this chapter, "NAIC" refers to the National Association of Insurance Commissioners.As added by P.L.186-1996, SEC.1.
IN Code § 27-1-36-14 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-14. "Negative Trend"

Sec. 14. As used in this chapter, "negative trend" means, with respect to an insurer, a negative trend over a period of time, as determined in accordance with the trend test calculation included in the RBC instructions.As added by P.L.186-1996, SEC.1. Amended by P.L.276-2013, SEC.23.
IN Code § 27-1-36-15 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-15. "Property and Casualty Insurer"

Sec. 15. As used in this chapter, "property and casualty insurer" means an insurer that is authorized to make one (1) or more of the types of insurance described in Class 2 and Class 3 of IC 27-1-5-1. The term does not include the following:(1) A monoline mortgage guaranty insurer.(2) A financial guaranty insurer.(3) A title insurer.(4) A health maintenance organization.(5) A limited service health maintenance organization.As added by P.L.186-1996, SEC.1. Amended by P.L.51-2002, SEC.7.
IN Code § 27-1-36-16 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-16. "Rbc"

Sec. 16. As used in this chapter, "RBC" refers to risk based capital.As added by P.L.186-1996, SEC.1.
IN Code § 27-1-36-18 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-18. "Rbc Level"

Sec. 18. As used in this chapter, "RBC level" means an insurer's:(1) company action level RBC;(2) regulatory action level RBC;(3) authorized control level RBC; or(4) mandatory control level RBC.As added by P.L.186-1996, SEC.1.
IN Code § 27-1-36-19 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-19. "Rbc Plan"

Sec. 19. As used in this chapter, "RBC plan" means a comprehensive financial plan containing the elements specified in section 30 of this chapter.As added by P.L.186-1996, SEC.1.
IN Code § 27-1-36-20 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-20. "Rbc Report"

Sec. 20. As used in this chapter, "RBC report" means the report required by section 25 of this chapter.As added by P.L.186-1996, SEC.1.
IN Code § 27-1-36-21 (2021)
2021 Indiana Code|Title 27. Insurance|Article 1. Department of Insurance|Chapter 36. Risk Based Capital Requirements|27-1-36-21. "Regulatory Action Level Event"

Sec. 21. As used in this chapter, "regulatory action level event" has the meaning set forth in section 35 of this chapter.As added by P.L.186-1996, SEC.1.