Indiana Code
Chapter 18. Charitable Entity's Insurable Interest in Life of Donor
27-8-18-5. Inquiry Into Legal Status of Charitable Entity

Sec. 5. 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.
As added by P.L.129-1992, SEC.1.