TITLE 760 DEPARTMENT OF INSURANCE
Notice of Intent to Adopt a Rule
LSA Document #22-245
Under
IC 4-22-2-23, the Department of Insurance intends to adopt a rule concerning the following:
OVERVIEW: Adds
760 IAC 1-82 to establish uniform standards governing reserve financing arrangements pertaining to life insurance policies containing guaranteed nonlevel gross premiums, guaranteed nonlevel benefits, and universal life insurance policies with secondary guarantees, and to ensure that, with respect to each such financing arrangement, funds consisting of primary security and other security are held by or on behalf of ceding insurers in the forms and amounts required. Questions concerning the proposed rule may be addressed to the Small Business Regulatory Coordinator for this rule. Statutory authority:
IC 27-6-10.1-5.
For purposes of
IC 4-22-2-28.1, the Small Business Regulatory Coordinator for this rule is:
Meggan Brumbaugh
General Counsel
Indiana Department of Insurance
311 West Washington Street, Suite 103
Indianapolis, IN 46204
(317) 234-6476
mbrumbaugh@idoi.in.gov
Emily Totten
Small Business Ombudsman
Indiana Economic Development Corporation
One North Capitol, Suite 700
Indianapolis, IN 46204
(317) 402-3062
etotten@iedc.in.gov
Resources available to regulated entities through the small business ombudsman include the ombudsman's duties stated in
IC 5-28-17-6, specifically
IC 5-28-17-6(9), investigating and attempting to resolve any matter regarding compliance by a small business with a law, rule, or policy administered by a state agency, either as a party to a proceeding or as a mediator.
Posted: 08/10/2022 by Legislative Services Agency
DIN: 20220810-IR-760220245NIA
Composed: May 17,2024 8:24:23PM EDT
A
PDF version of this document.