Sec. 5. A life insurance company that is requested to: (1) issue a life insurance policy; or (2) transfer ownership of a life insurance policy; to an entity that is purported to be a charitable entity has no obligation to inquire into the legal status of that entity under any law. As added by P.L.129-1992, SEC.1.
Inquiry into legal status of charitable entity
Ind. Code § 27-8-18-5, under Charitable Entity's Insurable Interest in Life of Donor.
Ind. Code § 27-8-18-5