Indiana Code 27-15-11-5. Designation of assets
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Sec. 5. The assets assigned to a closed block shall be specified in the plan of operation and must consist of:
(2) a designated portion of each and every asset of the converting mutual’s general account or specified segments of the converting mutual’s general account, which portion shall change periodically to reflect the cash flows of the closed block; or
(1) a list of designated assets of the converting mutual’s general account or specified segments of the converting mutual’s general account, which list shall change periodically to reflect the acquisition and disposition of assets;
Terms Used In Indiana Code 27-15-11-5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(3) assets designated by a combination of the methods described in this section.
As added by P.L.94-1999, SEC.3.