# Ind. Code § 10-12-2-8: Actuarial soundness of pension trust; inspection of books and accounts

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-8

## Section

- **Citation:** Ind. Code § 10-12-2-8
- **Heading:** Actuarial soundness of pension trust; inspection of books and accounts
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 10 / Article 12 / Chapter 2 / Section 10-12-2-8

## Text

Sec. 8. (a) The department of insurance shall approve the actuarial soundness of the pension trust and the general method of operation of the police benefit fund before the police benefit fund begins operation.

(b) In addition to the annual report required by subsection (d), the department's books, reports, and accounts shall be open to inspection by the department of insurance at all times.

[Pre-2003 Recodification Citation: 10-1-2-7.]

As added by P.L.2-2003, SEC.3.

## Nearby sections

- [Ind. Code § 10-12-2-0.2 P.L.146-1987 intended to be codification and restatement of law; no effect on substantive operation of prior law](https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-0.2.md)
- [Ind. Code § 10-12-2-1 Retention of service weapon; badge; identification card](https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-1.md)
- [Ind. Code § 10-12-2-2 Pension trust; commingling funds; investment of funds; report; termination](https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-2.md)
- [Ind. Code § 10-12-2-3 Qualification of trust under Internal Revenue Code; benefit limitations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-3.md)
- [Ind. Code § 10-12-2-4 Mortality reserve account](https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-4.md)
- [Ind. Code § 10-12-2-5 Disability reserve account; additional department authority; disability pension payments](https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-5.md)
- [Ind. Code § 10-12-2-6 Dependent's pension reserve account](https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-6.md)
- [Ind. Code § 10-12-2-7 Police benefit fund; duties of trustee; appropriations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-7.md)
- [Ind. Code § 10-12-2-8 Actuarial soundness of pension trust; inspection of books and accounts](https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-8.md)
- [Ind. Code § 10-12-2-9 Transfer of funds to police benefit fund; rewards and fees](https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-9.md)
- [Ind. Code § 10-12-2-10 Encumbering shares of benefits before payment; reimbursement of employers; withholding payments while charges of criminal taking from employer pending](https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-10.md)
- [Ind. Code § 10-12-2-11 Educational costs exemption](https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-11.md)
- [Ind. Code § 10-12-2-12 Report on stress test or risk assessment](https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-12.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T10_A12_C2_S10-12-2-8. Check the current official text before relying on it. Not legal advice.