"Material acquisition" defined

Ind. Code § 27-2-18-4
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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. As added by P.L.251-1995, SEC.17.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/27Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements