Ind. Code § 27-2-18-5
"Material disposition" defined
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Ind. Code § 27-2-18-5, "Material disposition" defined, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1662932
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Full text
Sec. 5. As used in this chapter, "material disposition" means an asset disposition or a series of related asset dispositions 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.