{"data":{"id":"us-in/ic-27-9-3.1-14","jurisdiction":"us-in","citation":"IC 27-9-3.1-14","heading":"Transfer of amounts with receiver","body":"Sec. 14. (a) Notwithstanding a walkaway clause in a netting agreement or qualified financial contract, upon termination of the netting agreement or qualified financial contract, any net or settlement amount owed by a nondefaulting party to an insurer against which an application or petition has been filed under IC 27-9-3 must be transferred:\n(1) to; or\n(2) according to the order of;\nthe receiver for the insurer, regardless of whether the insurer is the defaulting party.\n(b) For purposes of subsection (a), a limited two-way payment or first method provision in a netting agreement or qualified financial contract with an insurer that has defaulted is considered to be a full two-way payment or second method provision as against the defaulting insurer.","path":["TITLE 27. INSURANCE","ARTICLE 9. SUPERVISION; REHABILITATION; LIQUIDATION","Chapter 3.1. Treatment of Certain Agreements"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-9-3.1-14","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"b7293679e0446f0cc0c7a3f5082af78684ac748cdf34606fc59c6d7b17348829","source_id":"us-in","stale":false,"prev":"us-in/ic-27-9-3.1-13","next":"us-in/ic-27-9-3.1-15"},"notice":"GroundRules: Original legal text. Not legal advice."}