Indiana’s Reduced Collateral Requirements for Reinsurers

Borrowing from Chevy Chase, Indiana is still one of a handful of states–8 actually–that have enacted reduced collateral requirements for reinsurers.  This happened back in April 2011 and affects life and property and casualty lines.  In a nutshell, for reinsurers holding at least $250 million in surplus (or the equivalent), the Insurance Commissioner may reduce or eliminate the amount of
collateral required.  The amount of collateral required is based on a sliding scale that is determined by the financial strength of the reinsurer.    Indiana Code 27-6-10-16 has the full details.  As always, other terms and conditions may apply; check your local listings.

About Brian Jones

I represent clients in all aspects of business litigation, but focus my practice on complex litigation and arbitration matters concerning insurance and reinsurance, antitrust, class actions, securities, real estate disputes, and contract matters. I am the co-chair of the Bose McKinney & Evans Insurance Group. I was listed in the 2017 and 2016 "Best Lawyers in America" for Insurance Coverage and named a "Rising Star" in Insurance Coverage by Super Lawyers in Indiana in 2014. I was also named a "Rising Star" in Business Litigation by Super Lawyers in Indiana in 2013 and 2012, and a 2010 “Rising Star” in Business Litigation in Texas. I am a member of the State Bars of Indiana and Texas, the Defense Research Institute, a former member of the Pro Bono College of the State Bar of Texas, and I am licensed to practice before all state courts in Indiana and Texas, as well as all federal courts in Indiana, the Northern, Western, and Southern Districts of Texas, the Northern District of Illinois, and the United States Courts of Appeals for the Fifth, Seventh, and Eleventh Circuits. I received my bachelor’s degree, cum laude, in political science and my master’s degree in teaching from Trinity University, where I was elected to Phi Beta Kappa. I received my doctor of jurisprudence degree from the University of Texas School of Law, where I was the Director of Communications for the Legal Research Board and a member of the Phi Delta Phi Honor Society. Before attending law school, I taught high school geography, government and economics in San Antonio, Texas.
This entry was posted in Regulation, Reinsurance and tagged , , , . Bookmark the permalink.

One Response to Indiana’s Reduced Collateral Requirements for Reinsurers

  1. Pingback: Indiana Is Again One of the Leaders When It Comes to Credit for Reinsurance | The Bose Insurance Blog

Share your thoughts

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s