IC 27-2-18-5: "Material disposition" defined

Sec. 5. As used in this chapter, "material disposition" means an asset disposition or a series of related asset dispositions 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.