# Ind. Code § 28-1-11-2.5: Sale of life insurance policy or annuity contract

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-2.5

## Section

- **Citation:** Ind. Code § 28-1-11-2.5
- **Heading:** Sale of life insurance policy or annuity contract
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 28 / Article 1 / Chapter 11 / Section 28-1-11-2.5

## Text

Sec. 2.5. (a) A bank or trust company may act as an insurance producer for the sale of any life insurance policy or annuity contract issued by a life insurance company authorized to do business in any state in which the agent operates.

(b) A bank or trust company that acts as an insurance producer for the sale of a life insurance policy or an annuity contract in Indiana:

(1) is subject to all requirements of IC 27; and

(2) must comply with the disclosure requirements under IC 27-1-38.

(c) A bank or trust company may not condition:

(1) an extension of credit;

(2) a lease or sale of real or personal property;

(3) the performance of services; or

(4) the amount charged for:

(A) extending credit;

(B) leasing or selling real or personal property; or

(C) performing services;

upon a person's purchase of a life insurance policy or an annuity contract from the bank or trust company or an affiliate (as defined in IC 28-2-13-3) of the bank or trust company.

(d) This section does not prohibit a bank or trust company from requiring that a person, as a condition to a transaction, obtain a life insurance policy from an insurance company acceptable to the bank or trust company.

As added by P.L.262-1995, SEC.29. Amended by P.L.188-1997, SEC.4; P.L.130-2002, SEC.5; P.L.192-2003, SEC.2; P.L.178-2003, SEC.90.

## Nearby sections

- [Ind. Code § 28-1-11-1 General and enumerated rights, privileges, and powers; "bank or trust company"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-1.md)
- [Ind. Code § 28-1-11-2 Fiscal or transfer agent; transportation agent; insurance producer or broker; attorney in fact](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-2.md)
- [Ind. Code § 28-1-11-2.5 Sale of life insurance policy or annuity contract](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-2.5.md)
- [Ind. Code § 28-1-11-2.6 Repealed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-2.6.md)
- [Ind. Code § 28-1-11-3 Repealed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-3.md)
- [Ind. Code § 28-1-11-3.1 Powers necessary and usual in carrying on banking business; enumerated powers; application of rules](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-3.1.md)
- [Ind. Code § 28-1-11-3.2 Request to exercise rights and privileges granted to national bank; procedures; appeal](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-3.2.md)
- [Ind. Code § 28-1-11-4 Investments; deposit of funds](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-4.md)
- [Ind. Code § 28-1-11-5 Real estate](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-5.md)
- [Ind. Code § 28-1-11-6 Appointment as fiduciary](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-6.md)
- [Ind. Code § 28-1-11-7 Testamentary and probate fiduciary appointments](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-7.md)
- [Ind. Code § 28-1-11-8 Appointment as successor guardian, trustee, executor, or administrator](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-8.md)
- [Ind. Code § 28-1-11-9 Trust business](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-9.md)
- [Ind. Code § 28-1-11-10 Service as fiduciary without bond; judicial control; requirement of security](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-2.5. Check the current official text before relying on it. Not legal advice.