CHAPTER 3. TRANSFERS TO CERTAIN TRUSTS

IC 32-38-3
    Chapter 3. Transfers to Certain Trusts

IC 32-38-3-1
Trustee considered insured owner; conditions
    Sec. 1. The trustee of a trust is considered to be the insured ownerunder a policy or commitment that insures or proposes to insure aninterest in real property that is transferred to the trust if:
        (1) the transferee of the interest in real property is the trustee ofthe 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 orrevoke 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 thenamed insured owner personally or by:
            (A) the named insured owner's attorney in fact;
            (B) the named insured owner's guardian or other similarperson in a guardianship or protective proceeding in whichthe named insured owner is an incapacitated or a protectedperson; or
            (C) the personal representative of the deceased namedinsured owner's estate under the terms and conditions of thenamed insured owner's last will and testament;
even if the named insured owner transfers the interest in realproperty to the trustee described in this section after the effectivedate of the policy or commitment.
As added by P.L.95-2007, SEC.19.