Indiana § 27-8-1-4 - Statement of initial applications and deposit of first assessment
Full text of Indiana Indiana Code § 27-8-1-4 — Statement of initial applications and deposit of first assessment, with citation guidance and answers to common questions.
§ 27-8-1-4. Statement of initial applications and deposit of first assessment
Sec. 4. Before the charter is granted to such a corporation, it shall file its statement, sworn to by at least two (2) of its executive officers, with the proper state officers, showing that application has been made for not less than two hundred thousand dollars ($200,000) insurance by not less than one hundred (100) persons, and that the amount of the first assessment on each policy or certificate has been deposited in the bank to the credit of the mortuary fund; and it shall be lawful for any corporation, association, or society, or its agents, to solicit and secure business to that amount, for the purpose provided in this chapter, before its charter shall have been granted.
Formerly: Acts 1883, c.136, s.4. As amended by P.L.136-2018, SEC.188.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-8-1-4
What does Indiana Code § 27-8-1-4 cover?
Section 27-8-1-4 ("Statement of initial applications and deposit of first assessment") 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 § 27-8-1-4?
A common citation format is "Indiana Code § 27-8-1-4" (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 § 27-8-1-4 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.