Ind. Code § 27-7-10-22
Financial impairment of foreign risk retention group; violations of chapter; compliance requirements
Indiana · Indiana Code Title 27 — Insurance · Status: effective
Cite this
- Citation
- Ind. Code § 27-7-10-22, Financial impairment of foreign risk retention group; violations of chapter; compliance requirements, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1663605
- Permanent ID
ys:prov:1663605@1- SHA-256
55e0adbc299a344429c477be25e34d80ebd6b15e304a1b7f92051afd66abf5c8
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 22.
(a) A risk retention group that is not chartered in Indiana and that is doing business in Indiana shall comply with a lawful order issued in a voluntary dissolution proceeding or in a delinquency proceeding commenced by a state commissioner if there has been a finding of financial impairment after an examination under section 17 of this chapter.
(b) A risk retention group that violates any provision of this chapter is subject to fines and penalties, including revocation of its right to do business in Indiana, that are applicable to licensed insurers generally.
(c) In addition to complying with the other requirements of sections 14 through 22 of this chapter, a risk retention group operating in Indiana before April 1, 1988, shall, before May 1, 1988, comply with section 14(a) of this chapter.