Indiana Code Title 27. Insurance § 27-13-12-5

(1) the subordination clause is in a form acceptable to the commissioner;  and

(2) any interest obligation relating to the repayment of the subordinated debt is subordinated under a clause that is in a form acceptable to the commissioner.

(1) is incurred through a note that meets the requirements of this chapter;  and

(2) is otherwise acceptable to the commissioner;