Sec. 3. As used in this chapter, "life insurance policy" means an insurance policy that provides the type of insurance described in Class 1(a) of IC 27-1-5-1. As added by P.L.129-1992, SEC.1.
"Life insurance policy"
Ind. Code § 27-8-18-3, under Charitable Entity's Insurable Interest in Life of Donor.
Ind. Code § 27-8-18-3