Indiana Statutes
§ 27-2-23-16 — Order of payment; unclaimed property
Indiana·Title 27 INSURANCE·Art. 2 POWERS AND DUTIES OF INSURERS·Ch. 23 Unclaimed Life Insurance Benefits
(a)The benefit of a policy, annuity, or
retained asset account, plus accrued interest applicable under the
policy, annuity, or retained asset account, is first payable to designated
beneficiaries or policy owners, annuity owners, or account owners.
(b)If beneficiaries or policy owners, annuity owners, or account
owners cannot be found, the benefit of the policy, annuity, or retained
asset account (not including applicable accrued interest) escheats to the
state as unclaimed property under IC 32-34-1.5.
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Legislative History
As added by P.L.90-2014, SEC.1. Amended by P.L.141-2021,
SEC.13.
Nearby Sections
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§ 27-1-1-1
Creation; functions§ 27-1-1-2
Insurance commissioner§ 27-1-1-3
Personnel§ 27-1-1-4
Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10
"Annual Statement Blank"§ 27-1-1.5-11
"Annual Statement Instructions"§ 27-1-1.5-12
"Current Dental Terminology"; "CDT"§ 27-1-1.5-13
"Current Procedural Terminology"; "CPT"§ 27-1-1.5-15
"Financial Analysis Handbook"§ 27-1-1.5-16
"Financial Condition Examiner's Handbook"§ 27-1-1.5-18
"Healthcare Common Procedure Coding System"; "HCPCS"