Indiana § 27-1-47-1 - Definitions; permitted activities
Full text of Indiana Indiana Code § 27-1-47-1 — Definitions; permitted activities, with citation guidance and answers to common questions.
§ 27-1-47-1. Definitions; permitted activities
Sec. 1. (a) The following definitions apply throughout this section:
(1) "Drawing" means an activity in which:
(A) multiple participating persons could possibly receive a prize; and
(B) the person or persons who receive a prize are determined by chance, as by randomly drawing one (1) or more names or numbers from among many names or numbers.
(2) "Gift" means the voluntary transfer of anything of value without consideration.
(3) "Prize" means something of value received by a person as the result of a drawing.
(b) Notwithstanding any other provision of this title, an insurer, an employee of an insurer, or an insurance producer may do the following:
(1) Offer and give one (1) or more gifts to a person in connection with marketing for the sale or retention of a contract of insurance if the reasonable value of all gifts given by the insurer, employee, or producer to a person in one (1) year does not exceed two hundred fifty dollars ($250).
(2) Conduct a drawing if:
(A) persons participating in the drawing do not pay or incur a cost for their participation; and
(B) the value of the prize or prizes received by any single person participating in the drawing does not exceed five hundred dollars ($500).
(c) Neither:
(1) a gift given under subsection (b)(1); nor
(2) a prize received in a drawing conducted under subsection (b)(2);
may be in the form of cash.
As added by P.L.196-2021, SEC.33. Amended by P.L.9-2022, SEC.50.
Frequently Asked Questions About Indiana § 27-1-47-1
What does Indiana Code § 27-1-47-1 cover?
Section 27-1-47-1 ("Definitions; permitted activities") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 27-1-47-1?
A common citation format is "Indiana Code § 27-1-47-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 27-1-47-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.