Indiana Statutes

§ 27-8-1-5 — Assessment; statement of object

Indiana·Title 27 INSURANCE·Art. 8 LIFE, ACCIDENT, AND HEALTH·Ch. 1 Life Insurance─Assessment Plan
Assessment notices sent to members by any such an association shall state the object for which the money to be collected from the insured is intended, and no part of the proceeds of any assessment shall be applied to any other purpose than the stated purpose for which it was collected. Formerly: Acts 1883, c.136, s.5.

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