Ind. Code § 27-9-3.1-18
Receiver's right of disaffirmance or repudiation
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Citation
- Ind. Code § 27-9-3.1-18, Receiver's right of disaffirmance or repudiation, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1664579
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Full text
Sec. 18. In exercising a receiver's right of disaffirmance or repudiation with respect to a netting agreement or qualified financial contract to which an insurer is a party, the receiver for the insurer shall either:
(1) disaffirm or repudiate all netting agreements and qualified financial contracts between a counterparty or an affiliate of a counterparty and the insurer that is the subject of the proceeding; or
(2) disaffirm or repudiate none of the netting agreements and qualified financial contracts referred to in subdivision (1) with respect to a counterparty or an affiliate of a counterparty.