Ind. Code § 27-8-18-5

Current through P.L. 171-2024

Section 27-8-18-5 - Inquiry into legal status of charitable entity

A life insurance company that is requested to:

(1) issue a life insurance policy; or

(2) transfer ownership of a life insurance policy;

to an entity that is purported to be a charitable entity has no obligation to inquire into the legal status of that entity under any law.

IC 27-8-18-5

As added by P.L. 129-1992, SEC.1.