{"data":{"id":"us-in/ic-27-8-18-4","jurisdiction":"us-in","citation":"IC 27-8-18-4","heading":"Purchase, ownership, or transfer of ownership; consent; insurable interest","body":"Sec. 4. (a) A charitable entity may:\n(1) purchase;\n(2) own; or\n(3) be transferred ownership of;\na life insurance policy on the life of an individual if the individual consents to the charitable entity's purchase or ownership of the policy.\n(b) A charitable entity that purchases or is transferred ownership of a life insurance policy under subsection (a) has an insurable interest in the life of the individual who consents to the charitable entity's purchase or ownership of the policy.","path":["TITLE 27. INSURANCE","ARTICLE 8. LIFE, ACCIDENT, AND HEALTH","Chapter 18. Charitable Entity's Insurable Interest in Life of Donor"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-8-18-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"9fb0724628b53e8d9ed2bc40813f77dcb86ddd1bdd4273a879d74bedc1ecc741","source_id":"us-in","stale":false,"prev":"us-in/ic-27-8-18-3","next":"us-in/ic-27-8-18-5"},"notice":"GroundRules: Original legal text. Not legal advice."}