Indiana § 27-8-18-4 Purchase, ownership, or transfer of ownership; consent; insurable
interest

Indiana Statutes

§ 27-8-18-4 — Purchase, ownership, or transfer of ownership; consent; insurable interest

Indiana § 27-8-18-4

Title 27INSURANCE

Art. 8LIFE, ACCIDENT, AND HEALTH

Ch. 18Charitable Entity's Insurable Interest in Life of Donor

This text of Indiana § 27-8-18-4 (Purchase, ownership, or transfer of ownership; consent; 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 § 27-8-18-4 (2026).

Text

(a)A charitable entity may:

(1)purchase;

(2)own; or

(3)be transferred ownership of; a life insurance policy on the life of an individual if the individual consents to the charitable entity's purchase or ownership of the policy.

(b)A charitable entity that purchases or is transferred ownership of a life insurance policy under subsection (a) has an insurable interest in the life of the individual who consents to the charitable entity's purchase or ownership of the policy.

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(a) A charitable entity may:
(1) purchase;
(2) own; or
(3) be transferred ownership of;
a life insurance policy on the life of an individual if the individual
consents to the charitable entity's purchase or ownership of the policy.
(b) A charitable entity that purchases or is transferred ownership of
a life insurance policy under subsection (a) has an insurable interest in
the life of the individual who consents to the charitable entity's
purchase or ownership of the policy.