Indiana Code Title 27. Insurance § 27-1-3.5-5

(1) direct written premiums of less than one million dollars ($1,000,000) in any calendar year;  

(2) less than one thousand (1,000) policyholders or certificate holders of directly written policies nationwide at the end of a calendar year;  and

(3) assumed premiums under contracts or treaties of reinsurance of less than one million dollars ($1,000,000);

(1) the commissioner has found the other state's or country's requirement for audited financial reports to be substantially similar to the requirements of this chapter;

(2) copies of the audited financial report, a communication of internal control related matters noted in an audit, and the accountant's letter of qualifications filed with the other state or country are filed with the commissioner in accordance with the filing requirements set forth in sections 6, 8, and 12 of this chapter;  and

(3) a copy of a notification of an adverse financial condition report that is filed with the other state is filed with the commissioner within the time specified in section 11 of this chapter.