Ind. Code § 27-2-18-4

Current through P.L. 171-2024

Section 27-2-18-4 - "Material acquisition" defined

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.

IC 27-2-18-4

As added by P.L. 251-1995, SEC.17.