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Indiana Code Title 27. Insurance § 27-1-4.1-10

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 10. (a) If a CGAD contains the material information necessary to allow the reviewing commissioner to understand the insurer's or insurance group's corporate governance structure, policies, and procedures, the insurer or insurance group may determine whether to respond to a request from the reviewing commissioner for additional information.

(b) If the reviewing commissioner considers additional information to be material and necessary to provide a clear understanding of an insurer's or insurance group's:

(1) corporate governance structure, policies, and procedures;

(2) reporting or information system;  or

(3) controls implementing subdivisions (1) and (2);

the commissioner may request the additional information.

(c) A CGAD must be:

(1) prepared in a manner consistent with the NAIC's Corporate Governance Annual Disclosure Model Regulation;  and

(2) made available to the commissioner upon:

(A) examination under IC 27-1-3.1;  or

(B) request of the commissioner.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-1-4.1-10 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-1-4-1-10/

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