Ind. Code § 27-1-12-3.5
Intangible assets attributable to investment in subsidiary; exceptions
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Citation
- Ind. Code § 27-1-12-3.5, Intangible assets attributable to investment in subsidiary; exceptions, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1661639
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Full text
Sec. 3.5. Goodwill, trade names, and other like intangible assets attributable to any investment in a subsidiary shall be admitted as assets except:
(1) to the extent that the aggregate amount thereof exceeds ten percent (10%) of the capital and surplus of the insurer as reported in its latest annual report filed with the commissioner;
(2) to the extent that any such asset is not being amortized ratably over a period of ten (10) years or less from the date of acquisition; and
(3) in determining the financial condition or solvency of an insurer under IC 27-9.