Indiana Code 27-5.1-1-2. “Assessment”
Current as of: 2023 | Check for updates
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Sec. 2. “Assessment” means an amount or a policyholder’s share of an amount that a farm mutual insurance company determines is necessary for any of the following:
(2) To meet or defray the farm mutual insurance company’s anticipated needs.
(1) To pay the farm mutual insurance company’s accrued liabilities.
Terms Used In Indiana Code 27-5.1-1-2
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(3) To add to or restore the policyholder surplus of the farm mutual insurance company.
As added by P.L.129-2003, SEC.8.