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Indiana Code Title 27. Insurance § 27-2-18-4

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 4. As used in this chapter, “material acquisition” means an asset acquisition or a series of related asset acquisitions 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.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-2-18-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-2-18-4/

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