Indiana § 27-8-1-6 Exemption of certificates from valuation; insurable interest

Indiana Statutes

§ 27-8-1-6 — Exemption of certificates from valuation; insurable interest

Indiana § 27-8-1-6

Title 27INSURANCE

Art. 8LIFE, ACCIDENT, AND HEALTH

Ch. 1Life Insurance─Assessment Plan

This text of Indiana § 27-8-1-6 (Exemption of certificates from valuation; insurable interest) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-8-1-6 (2026).

Text

A policy or certificate issued by any such an
association shall be exempt from the valuation based upon the
American Experience Table, or any other table of mortality, in
consequence of such association conducting its business on the plan of
assessing members, and such policy or certificate, when the payments
thereon are made by any person other than the insured, and without the
written consent of the insured, to be valid must be supported by an
insurable interest.
Formerly: Acts 1883, c.136, s.6.

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A policy or certificate issued by any such an
association shall be exempt from the valuation based upon the
American Experience Table, or any other table of mortality, in
consequence of such association conducting its business on the plan of
assessing members, and such policy or certificate, when the payments
thereon are made by any person other than the insured, and without the
written consent of the insured, to be valid must be supported by an
insurable interest.
Formerly: Acts 1883, c.136, s.6.