Indiana Code Title 27. Insurance § 27-1-47-1

(1) “Drawing” means an activity in which:

(2) “Gift” means the voluntary transfer of anything of value without consideration.

(3) “Prize” means something of value received by a person as the result of a drawing.

(1) Offer and give one (1) or more gifts to a person in connection with marketing for the sale or retention of a contract of insurance if the reasonable value of all gifts given by the insurer, employee, or producer to a person in one (1) year does not exceed two hundred fifty dollars ($250).

(2) Conduct a drawing if:

(1) a gift given under subsection (b)(1);  nor

(2) a prize received in a drawing conducted under subsection (b)(2);