Indiana § 27-2-23-9 "Policy"

Indiana Statutes

§ 27-2-23-9 — "Policy"

Indiana·Title 27 INSURANCE·Art. 2 POWERS AND DUTIES OF INSURERS·Ch. 23 Unclaimed Life Insurance Benefits

(a)As used in this chapter, "policy" means a policy or certificate issued in Indiana after June 30, 2015, that provides the kind of insurance described in Class 1 of IC 27-1-5-1.

(b)The term does not include the following:

(1)A policy or certificate that provides a death benefit under:

(A)an employee benefit plan that is subject to the federal Employee Retirement Income Security Act of 1974 (29 U.S.C. 1001 et seq.); or

(B)a federal employee benefit program.

(2)A policy or certificate that is used to fund a preneed funeral contract or prearrangement.

(3)A policy or certificate of credit life or accidental death insurance.

(4)A policy issued to a group policy owner for which the insurer does not provide record keeping services.

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(a) As used in this chapter, "policy" means a
policy or certificate issued in Indiana after June 30, 2015, that provides
the kind of insurance described in Class 1 of IC 27-1-5-1.
(b) The term does not include the following:
(1) A policy or certificate that provides a death benefit under:
(A) an employee benefit plan that is subject to the federal
Employee Retirement Income Security Act of 1974 (29 U.S.C.
1001 et seq.); or
(B) a federal employee benefit program.
(2) A policy or certificate that is used to fund a preneed funeral
contract or prearrangement.
(3) A policy or certificate of credit life or accidental death
insurance.
(4) A policy issued to a group policy owner for which the insurer
does not provide record keeping services.

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