{"data":{"id":"us-in/ic-27-7-10-4","jurisdiction":"us-in","citation":"IC 27-7-10-4","heading":"\"Hazardous financial condition\" defined","body":"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:\n(1) meet obligations to policyholders with respect to known claims and reasonably anticipated claims; or\n(2) pay other obligations in the normal course of business.","path":["TITLE 27. INSURANCE","ARTICLE 7. SPECIAL TYPES OF INSURANCE","Chapter 10. Risk Retention Groups"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-7-10-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"cc1ac4cb4a283862fc2d991f1d8898c58090d9f439368e784d67cca6d2668ef5","source_id":"us-in","stale":false,"prev":"us-in/ic-27-7-10-3","next":"us-in/ic-27-7-10-5"},"notice":"GroundRules: Original legal text. Not legal advice."}