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Indiana Code Title 27. Insurance § 27-7-10-4

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

Sec. 4. As used in this chapter, “hazardous financial condition” means that, based on its present or reasonably anticipated financial condition, a risk retention group, although not yet financially impaired or insolvent, is unlikely to be able to:

(1) meet obligations to policyholders with respect to known claims and reasonably anticipated claims;  or

(2) pay other obligations in the normal course of business.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-7-10-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-7-10-4/

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