"Retained asset account"

Ind. Code § 27-2-22-6
in effect
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Sec. 6. As used in this chapter, "retained asset account" means a mechanism through which the settlement of proceeds payable under a policy occurs by the insurer's deposit of the proceeds into a checking or draft account: (1) in which the proceeds are retained by the insurer; and (2) under a contract that is supplemental to the policy and does not involve annuity benefits. As added by P.L.67-2011, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/27Fetched: 10/17/2026