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Ind. Code § 27-2-18-4

"Material acquisition" defined

Indiana · Indiana Code Title 27 — Insurance · Status: effective

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Ind. Code § 27-2-18-4, "Material acquisition" defined, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1662931
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Sec. 4. As used in this chapter, "material acquisition" means an asset acquisition or a series of related asset acquisitions during any thirty (30) day period that: (1) is nonrecurring; (2) is not in the normal course of business; and (3) involves more than five percent (5%) of the reporting insurer's total admitted assets as reported in the insurer's most recent statutory statement filed with the department.