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Ind. Code § 27-8-1-5

Assessment; statement of object

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

Taxation
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Ind. Code § 27-8-1-5, Assessment; statement of object, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1663727
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Sec. 5. Assessment notices sent to members by any such an association shall state the object for which the money to be collected from the insured is intended, and no part of the proceeds of any assessment shall be applied to any other purpose than the stated purpose for which it was collected.