{"data":{"id":"us-in/ic-27-1-15.6-31","jurisdiction":"us-in","citation":"IC 27-1-15.6-31","heading":"Producers not to be named as beneficiaries","body":"Sec. 31. An insurance producer shall not:\n(1) be named a beneficiary of;\n(2) become an owner of; or\n(3) receive a collateral assignment of;\nan individual life insurance policy or individual annuity contract unless the insurance producer has an insurable interest in the life of the insured or annuitant. A beneficiary designation, ownership designation, or collateral assignment made in violation of this section is void.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 15.6. Insurance Producers"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-15.6-31","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"e6bed9ca6c74563453499e9d6829a2f48b2ac15a612136843f1aa8c42ff9e8b6","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-15.6-30","next":"us-in/ic-27-1-15.6-32"},"notice":"GroundRules: Original legal text. Not legal advice."}