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Ind. Code § 27-7-10-4

"Hazardous financial condition" defined

Indiana · Indiana Code Title 27 — Insurance · Status: effective

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Ind. Code § 27-7-10-4, "Hazardous financial condition" defined, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1663587
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Sec. 4. As used in this chapter, "hazardous financial condition" means that, based on its present or reasonably anticipated financial condition, a risk retention group, although not yet financially impaired or insolvent, is unlikely to be able to: (1) meet obligations to policyholders with respect to known claims and reasonably anticipated claims; or (2) pay other obligations in the normal course of business.