Sec. 2. "Assessment" means an amount or a policyholder's share of an amount that a farm mutual insurance company determines is necessary for any of the following: (1) To pay the farm mutual insurance company's accrued liabilities. (2) To meet or defray the farm mutual insurance company's anticipated needs. (3) To add to or restore the policyholder surplus of the farm mutual insurance company.
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.