Ind. Code § 27-9-3.1-13
Damages
Indiana · Indiana Code Title 27 — Insurance · Status: effective
Cite this
- Citation
- Ind. Code § 27-9-3.1-13, Damages, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1664574
- Permanent ID
ys:prov:1664574@1- SHA-256
50280ca52bf29f250bb1c319f1a62a6959f33e5e78fde17a97f5d2922c757c77
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. 13.
(a) If a counterparty to a netting agreement or qualified financial contract with an insurer that is subject to a proceeding under IC 27-9-3 terminates, liquidates, closes out, or accelerates the netting agreement or qualified financial contract, damages must be measured as of the date of termination, liquidation, close-out, or acceleration.
(b) The amount of a claim for damages under subsection (a) is equal to the actual direct compensatory damages calculated in accordance with section 19 of this chapter.