IC 27-1-21
    Chapter 21. Additional Provisions Pertaining to InsuranceCompany Investments

IC 27-1-21-1
Treatment of prior investments
    Sec. 1. IC 27-1-12-2, IC 27-1-12-3, IC 27-1-12-11, andIC 27-1-20-8 in their operation shall be subject to the followinglimitations and reservations:
        (a) The validity for deposit and investment purposes ofinvestments made before March 6, 1945, pursuant to the depositinvestment requirements of s.147, s.148, s.149, or s.155 of Acts1935, c.162 or which qualified for deposit under any of thosesections prior to March 6, 1945, shall not be affected by theamendments made by Acts 1945, c.175.
        (b) Investments made before March 6, 1945, not pursuant to thedeposit investment requirements of s.147, s.148, s.149, or s.155of Acts 1935, c.162 which did not qualify for deposit under anyof these sections prior to March 6, 1945, shall be consideredwithin the embrace of investments made under paragraph 20 ofIC 27-1-12-2(b) and shall be subject to all the provisionsapplicable thereto.
        (c) Investments described in subdivision (b) and those madepursuant to paragraph 20 of IC 27-1-12-2(b) may, provided thelife insurance company so elects in a writing filed with thedepartment, be transferred to any other appropriate paragraphof IC 27-1-12-2(b) under which they would have qualified ifpurchased at the date of such transfer.
(Formerly: Acts 1945, c.175, s.6.) As amended by P.L.252-1985,SEC.103; P.L.186-1997, SEC.8.