Indiana § 27-6-8-20 - Association cooperation with other state associations; association coordination and cooperation with receivers

§ 27-6-8-20. Association cooperation with other state associations; association coordination and cooperation with receivers

Sec. 20. (a) The association may join one (1) or more organizations of other state associations of similar purposes to further the purposes and administer the powers and duties of the association. The association may designate one (1) or more of these organizations to:

(1) act as a liaison for the association; and

(2) to the extent the association authorizes, bind the association in agreements or settlements with receivers of insolvent insurance companies or their designated representatives.

(b) The association, in cooperation with other obligated or potentially obligated guaranty associations or their designated representatives, shall make all reasonable efforts to coordinate and cooperate with receivers or their designated representatives in the most efficient and uniform manner, including the use of Uniform Data Standards as promulgated or approved by the National Association of Insurance Commissioners.

As added by P.L.86-2026, SEC.17.

IC 27-6-9Chapter 9. Reinsurance Intermediaries

27-6-9-1Actuary 27-6-9-2Commissioner 27-6-9-3Controlling person 27-6-9-4Insurer 27-6-9-5Licensed producer 27-6-9-6Reinsurance intermediary 27-6-9-7Reinsurance intermediary-broker 27-6-9-8Reinsurance intermediary-manager 27-6-9-9Reinsurer 27-6-9-10To be in violation 27-6-9-11"Qualified United States financial institution" 27-6-9-12Reinsurance intermediary-broker; requirements 27-6-9-13Reinsurance intermediary-manager; requirements 27-6-9-14Bond; errors and omissions policy 27-6-9-15Reinsurance intermediary license; issuance; application; authority to act; nonresidents 27-6-9-16Refusal to issue license; conditions; summary 27-6-9-17Attorneys; exemptions 27-6-9-18Transactions between reinsurance intermediary-broker and insurer; written authorization; contents 27-6-9-19Record of transactions; contents; insurer access 27-6-9-20Engagement of services of reinsurance intermediary-broker; employment of an individual employed by an RB; financial condition; requirements 27-6-9-21Transactions between reinsurance intermediary-manager and reinsurer; written contract; contents 27-6-9-22Binding of retrocessions on behalf of reinsurers by RM; conditions; reinsurance syndicates; appointment of producers; payment of claims; collection of payment; settlements; employment of reinsurer employee; sub-RMs 27-6-9-23Engagement of services of a reinsurance intermediary-manager; statement of financial condition; loss reserves; authority to contract; termination; board of directors 27-6-9-24Examination by commissioner; access to records 27-6-9-25Violations; penalties; review; effect on third parties 27-6-9-26Rules for implementation and administration of chapter