IC 27-1-20-5 : Deposit of securities acquired from foreign life insurer under reinsurance agreement

Sec. 5. Nothing in this law shall prevent the deposit of securities and other evidences of ownership of property, acquired from a life insurance company domiciled in a foreign state or alien country by a domestic life insurance company under a reinsurance agreement approved by the department, provided such securities and property comply with the investment requirements of the state of incorporation of such reinsured company.

Formerly: Acts 1935, c.162, s.252.