{"data":{"id":"us-in/ic-27-1-40-3","jurisdiction":"us-in","citation":"IC 27-1-40-3","heading":"Indiana as state of entry for alien company","body":"Sec. 3. Indiana may serve as a state of entry to enable an alien company to transact insurance business in the United States through a United States branch if the United States branch:\n(1) qualifies under this title for a certificate of authority as if the United States branch were a domestic company organized under this title; and\n(2) establishes a trust account that meets the following conditions:\n(A) The trust account is established under a trust agreement approved by the commissioner with a United States bank.\n(B) The amount in the trust account is at least equal to:\n(i) the minimum capital and surplus requirements; or\n(ii) the authorized control level risk based capital requirements;\nwhichever is greater, that apply to a domestic company that possesses a certificate of authority to transact the same kind of insurance business in Indiana as the United States branch will transact.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 40. Entry of Unauthorized Alien Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-40-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"8e48a6e57fc25b480fb274d9dcbe039163a72aa420fb898fb35790f746adf6d5","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-40-2","next":"us-in/ic-27-1-40-4"},"notice":"GroundRules: Original legal text. Not legal advice."}