Ind. Code § 27-8-1-6
Exemption of certificates from valuation; insurable interest
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Citation
- Ind. Code § 27-8-1-6, Exemption of certificates from valuation; insurable interest, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1663728
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Full text
Sec. 6. A policy or certificate issued by any such an association shall be exempt from the valuation based upon the American Experience Table, or any other table of mortality, in consequence of such association conducting its business on the plan of assessing members, and such policy or certificate, when the payments thereon are made by any person other than the insured, and without the written consent of the insured, to be valid must be supported by an insurable interest.