{"data":{"id":"us-in/ic-27-8-19.8-6","jurisdiction":"us-in","citation":"IC 27-8-19.8-6","heading":"\"Viatical settlement contract\" defined","body":"Sec. 6. As used in this chapter, \"viatical settlement contract\" means an agreement for the purchase, sale, assignment, transfer, devise, or bequest of a portion of the death benefit or ownership of a life insurance policy or contract for consideration that is less than the expected death benefit of the life insurance policy or contract. The term does not include the following:\n(1) A loan by an insurer under the terms of a life insurance policy, including a loan secured by the cash value of a policy.\n(2) An agreement with a bank, savings bank, savings and loan association, credit union, or other licensed lending institution that takes an assignment of a life insurance policy as collateral for a loan.\n(3) The provision of accelerated death benefits by an insurer to an insured under the provisions of a life insurance contract.\n(4) Agreements between an insurer and a reinsurer.\n(5) An agreement by a person who enters into not more than one (1) such agreement in any five (5) year period to purchase a life insurance policy or contract for the transfer of a life insurance policy for a value that is less than the expected death benefit.","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#27-8-19.8-6","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"3cb11930710ad5d7e7081f5dea223f4de0a566797601b0f162a27b41456a6fdb","source_id":"us-in","stale":false,"prev":"us-in/ic-27-8-19.8-5","next":"us-in/ic-27-8-19.8-6.5"},"notice":"GroundRules: Original legal text. Not legal advice."}