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·Title 27 INSURANCE·Art. 8 LIFE, ACCIDENT, AND HEALTH·Ch. 18 Charitable Entity's Insurable Interest in Life of Donor

(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.

Indiana § 27-8-18-4 (Purchase, ownership, or transfer of ownership; consent; insurable interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.