{"data":{"id":"us-in/ic-27-9-3.1-19","jurisdiction":"us-in","citation":"IC 27-9-3.1-19","heading":"Claim arising from disaffirmance or repudiation","body":"Sec. 19. (a) Notwithstanding IC 27-9-3 and this chapter, a claim of a counterparty against an estate arising from an insurer's receiver's disaffirmance or repudiation of a netting agreement or qualified financial contract that has not been previously affirmed in the liquidation or immediately preceding conservation or rehabilitation case must be determined and allowed or disallowed:\n(1) as if the claim had arisen before the date of the filing of the petition for liquidation; or\n(2) if a conservation or rehabilitation proceeding is converted to a liquidation proceeding, as if the claim had arisen before the date of the filing of the petition for conservation or rehabilitation.\n(b) The amount of a claim described in subsection (a) is the actual direct compensatory damages determined as of the date of the disaffirmance or repudiation of the netting agreement or qualified financial contract.","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#27-9-3.1-19","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"eb979b94e1917280257d0222eeffa52ab664bb27bcc2e4e9f5545d6ca066708e","source_id":"us-in","stale":false,"prev":"us-in/ic-27-9-3.1-18","next":"us-in/ic-27-9-3.1-20"},"notice":"GroundRules: Original legal text. Not legal advice."}