{"data":{"id":"us-in/ic-27-2-22-6","jurisdiction":"us-in","citation":"IC 27-2-22-6","heading":"\"Retained asset account\"","body":"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:\n(1) in which the proceeds are retained by the insurer; and\n(2) under a contract that is supplemental to the policy and does not involve annuity benefits.","path":["TITLE 27. INSURANCE","ARTICLE 2. POWERS AND DUTIES OF INSURERS","Chapter 22. Retained Asset Accounts"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-2-22-6","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"7e1caaa1f1fd3d0e8b453cc4229518db44cb3a1017b0dfc9ff61cfb9c69b649b","source_id":"us-in","stale":false,"prev":"us-in/ic-27-2-22-5","next":"us-in/ic-27-2-22-7"},"notice":"GroundRules: Original legal text. Not legal advice."}