{"data":{"id":"us-in/ic-27-8-19.8-5","jurisdiction":"us-in","citation":"IC 27-8-19.8-5","heading":"\"Viatical settlement provider\" defined","body":"Sec. 5. (a) As used in this chapter, \"viatical settlement provider\" means a person, other than a viator, that:\n(1) enters into a viatical settlement contract with a viator; or\n(2) obtains financing for the purchase, acquisition, transfer, or other assignment of one (1) or more viatical settlement contracts, viaticated policies, or interests in such a contract or policy, or otherwise sells, assigns, transfers, pledges, hypothecates, or disposes of one (1) or more viatical settlement contracts, viaticated policies, or interests in such a contract or policy.\n(b) The term does not include any of the following:\n(1) A bank, savings bank, savings association, credit union, or other licensed lending institution that takes an assignment of a life insurance policy as collateral for a loan.\n(2) The issuer of a life insurance policy that makes a policy loan, permits surrender of the policy, or pays other policy benefits, including accelerated benefits, in accordance with the terms of the policy.","path":["TITLE 27. INSURANCE","ARTICLE 8. LIFE, ACCIDENT, AND HEALTH","Chapter 19.8. Viatical Settlements"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-8-19.8-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"816087316527b73686622e1d8246815408b2d2394c86cccaa8ca32e19acbe45b","source_id":"us-in","stale":false,"prev":"us-in/ic-27-8-19.8-4.5","next":"us-in/ic-27-8-19.8-6"},"notice":"GroundRules: Original legal text. Not legal advice."}