Indiana § 27-15-11-5 Designation of assets

Indiana Statutes

§ 27-15-11-5 — Designation of assets

Indiana § 27-15-11-5

Title 27INSURANCE

Art. 15DEMUTUALIZATION OF MUTUAL INSURANCE

Ch. 11Use of a Closed Block

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Bluebook

Ind. Code § 27-15-11-5 (2026).

Text

The assets assigned to a closed block shall be specified in the plan of operation and must consist of:

(1)a list of designated assets of the converting mutual's general account or specified segments of the converting mutual's general account, which list shall change periodically to reflect the acquisition and disposition of assets;

(2)a designated portion of each and every asset of the converting mutual's general account or specified segments of the converting mutual's general account, which portion shall change periodically to reflect the cash flows of the closed block; or

(3)assets designated by a combination of the methods described in this section.

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The assets assigned to a closed block shall be
specified in the plan of operation and must consist of:
(1) a list of designated assets of the converting mutual's general
account or specified segments of the converting mutual's general
account, which list shall change periodically to reflect the
acquisition and disposition of assets;
(2) a designated portion of each and every asset of the converting
mutual's general account or specified segments of the converting
mutual's general account, which portion shall change periodically
to reflect the cash flows of the closed block; or
(3) assets designated by a combination of the methods described
in this section.