Indiana § 32-38-3-1 - Trustee considered insured owner; conditions

§ 32-38-3-1. Trustee considered insured owner; conditions

Sec. 1. Notwithstanding any other law, the trustee of a trust is considered to be the insured owner under a policy or commitment that insures or proposes to insure an interest in real property that is transferred to the trust if:

(1) the transferee of the interest in real property is the trustee of the trust, the trust was established by the named insured owner, and the transferor is the named insured owner;

(2) the named insured owner reserves the right to amend or revoke the trust during the named insured owner's lifetime;

(3) the named insured owner is a natural person; and

(4) the transfer of the interest in real property is made by the named insured owner personally or by:

(A) the named insured owner's attorney in fact;

(B) the named insured owner's guardian or other similar person in a guardianship or protective proceeding in which the named insured owner is an incapacitated or a protected person; or

(C) the personal representative of the deceased named insured owner's estate under the terms and conditions of the named insured owner's last will and testament;

even if the named insured owner transfers the interest in real property to the trustee described in this section after the effective date of the policy or commitment.

As added by P.L.95-2007, SEC.19. Amended by P.L.2-2024, SEC.4.

IC 32-39ARTICLE 39. REVISED UNIFORM FIDUCIARY ACCESS TO DIGITAL ASSETS ACT

Ch. 1.Application and Definitions Ch. 2.Fiduciary's Access to Digital Assets

IC 32-39-1Chapter 1. Application and Definitions

32-39-1-1Applicability of article 32-39-1-2"Account" 32-39-1-3"Attorney in fact" 32-39-1-4"Carries" 32-39-1-5"Catalogue of electronic communications" 32-39-1-6"Content of an electronic communication" 32-39-1-7"Court" 32-39-1-8"Custodian" 32-39-1-9"Designated recipient" 32-39-1-10"Digital asset" 32-39-1-11"Electronic" 32-39-1-12"Electronic communication" 32-39-1-13"Electronic communication service" 32-39-1-14"Fiduciary" 32-39-1-15"Guardian" 32-39-1-16"Information" 32-39-1-17"Online tool" 32-39-1-18"Person" 32-39-1-19"Personal representative" 32-39-1-20"Power of attorney" 32-39-1-21"Principal" 32-39-1-22"Protected person" 32-39-1-23"Record" 32-39-1-24"Remote computing service" 32-39-1-25"Terms-of-service agreement" 32-39-1-26"Trustee" 32-39-1-27"User" 32-39-1-28"Will"