Sec. 5. A filer is not required to report a business entity under section 3 of this chapter if the filer’s, the filer’s spouse’s, or the filer’s unemancipated child’s only interest in the business entity is any of the following:

(1) A time or demand deposit in a financial institution.

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(2) An insurance policy issued by the business entity.

(3) A mutual fund.

As added by P.L.123-2015, SEC.2.