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.
Structure Indiana Code
Article 8. Life, Accident, and Health
Chapter 18. Charitable Entity's Insurable Interest in Life of Donor
27-8-18-1. Application of Chapter
27-8-18-2. "Charitable Entity"
27-8-18-3. "Life Insurance Policy"
27-8-18-4. Purchase, Ownership, or Transfer of Ownership; Consent; Insurable Interest