Indiana Code 21-34-1-18. “Liability or other loss insurance reserves”
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Terms Used In Indiana Code 21-34-1-18
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Sec. 18. “Liability or other loss insurance reserves” means a fund set aside as a reserve to cover risk retained by the corporation in connection with a liability claim or other loss.
[Pre-2007 Higher Education Recodification Citation: 20-12-6-1.2(b)(2).]
As added by P.L.2-2007, SEC.275.