Life insurance proceeds
Sec. 5. (a) Within ten (10) days after life insurance proceeds are
paid to a resident decedent's estate, the life insurance company shall
give notice of the payment to the department of state revenue.
(b) The department of state revenue shall send a copy of any
notice which it receives under subsection (a) to the county assessor
of the county in which the resident decedent was domiciled at the
time of his death.
As added by Acts 1976, P.L.18, SEC.1. Amended by Acts 1977(ss),
P.L.6, SEC.9; P.L.157-1992, SEC.1; P.L.6-1999, SEC.1.
Last modified: May 28, 2006