Ind. Code § 27-2-23-16
Order of payment; unclaimed property
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Ind. Code § 27-2-23-16, Order of payment; unclaimed property, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1663010
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Full text
Sec. 16.
(a) The benefit of a policy, annuity, or retained asset account, plus accrued interest applicable under the policy, annuity, or retained asset account, is first payable to designated beneficiaries or policy owners, annuity owners, or account owners.
(b) If beneficiaries or policy owners, annuity owners, or account owners cannot be found, the benefit of the policy, annuity, or retained asset account (not including applicable accrued interest) escheats to the state as unclaimed property under IC 32-34-1.5.