§ 27-2-18-11 — Contents of reports of material acquisitions and dispositions

Indiana § 27-2-18-11

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 2: POWERS AND DUTIES OF INSURERS
• Ch. 18: Disclosure of Material Transactions

Text

The following information must be disclosed
in any report of a material asset acquisition or asset disposition:
(1) The date of the transaction.
(2) The manner of the asset acquisition or asset disposition.
(3) A description of the assets involved.
(4) The nature and amount of the consideration given or received
in connection with the asset acquisition or the asset disposition.
(5) The purpose of or reason for the transaction.
(6) The manner by which the amount of consideration was
determined.
(7) The gain or loss recognized or realized as a result of the
transaction.
(8) The name of each person from whom the assets were acquired
or to whom the assets were disposed.

Legislative History

As added by P.L.251-1995, SEC.17.