§ 27-2-23-1 Application of chapter
§ 27-2-23-2 Definitions
§ 27-2-23-3 “Account owner”
§ 27-2-23-4 “Annuity”
§ 27-2-23-5 “Death master file”
§ 27-2-23-6 “Death master file match”
§ 27-2-23-7 “Knowledge of death”
§ 27-2-23-8 “Person”
§ 27-2-23-9 “Policy”
§ 27-2-23-10 “Record keeping services”
§ 27-2-23-10.2 “Retained asset account”
§ 27-2-23-11 Performance of death master file comparison; frequency; death certificate
§ 27-2-23-12 Insurer duty related to possible death
§ 27-2-23-14 Disclosure of personal information
§ 27-2-23-15 Charges related to search
§ 27-2-23-16 Order of payment; unclaimed property
§ 27-2-23-17 Commissioner accommodations for insurer compliance
§ 27-2-23-18 Insurer actions with respect to proceeds; unclaimed property; liability
§ 27-2-23-19 Violation
§ 27-2-23-20 Rulemaking
§ 27-2-23-21 Attorney general examinations
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Terms Used In Indiana Code > Title 27 > Article 2 > Chapter 23 - Unclaimed Life Insurance Benefits

  • account owner: means an Indiana resident who is the owner of a retained asset account. See Indiana Code 27-2-23-3
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • annuity: refers to an annuity contract issued in Indiana after June 30, 2015. See Indiana Code 27-2-23-4
  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • death master file: refers to :

    Indiana Code 27-2-23-5

  • death master file match: means the result of a search of a death master file that indicates a match of a person's name with the person's:

    Indiana Code 27-2-23-6

  • knowledge of death: means one (1) of the following:

    Indiana Code 27-2-23-7

  • person: refers to an insured, annuity owner, annuitant, or a retained asset account owner. See Indiana Code 27-2-23-8
  • policy: means a policy or certificate issued in Indiana after June 30, 2015, that provides the kind of insurance described in Class 1 of IC 27-1-5-1. See Indiana Code 27-2-23-9
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • record keeping services: means an insurer's responsibility, under an agreement with a group policy owner, to obtain, maintain, and administer in the insurer's system information concerning each individual insured under a group policy (or a line of coverage under a group policy), including at least the following:

    Indiana Code 27-2-23-10

  • retained asset account: refers to a retained asset account that is issued in Indiana after June 30, 2015. See Indiana Code 27-2-23-10.2
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5