Ind. Code § 27-1-12-3.5

Current through P.L. 171-2024

Section 27-1-12-3.5 - Intangible assets attributable to investment in subsidiary; exceptions

Goodwill, trade names, and other like intangible assets attributable to any investment in a subsidiary shall be admitted as assets except:

(1) to the extent that the aggregate amount thereof exceeds ten percent (10%) of the capital and surplus of the insurer as reported in its latest annual report filed with the commissioner;

(2) to the extent that any such asset is not being amortized ratably over a period of ten (10) years or less from the date of acquisition; and

(3) in determining the financial condition or solvency of an insurer under IC 27-9.

IC 27-1-12-3.5

As added by P.L. 160-1986, SEC.1.