Indiana Code 27-5.1-1-12. “Policyholder surplus”
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Terms Used In Indiana Code 27-5.1-1-12
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Sec. 12. “Policyholder surplus” means the accumulated assets of a farm mutual insurance company that exceed the farm mutual insurance company’s accrued losses and expenses.
As added by P.L.129-2003, SEC.8.