As used in this chapter, 'material acquisition' means an asset acquisition or a series of related asset acquisitions during any thirty (30) day period that:(1) is nonrecurring;(2) is not in the normal course of business; and(3) involves more than five percent (5%) of the reporting insurer's total admitted assets as reported in the insurer's most recent statutory statement filed with the department.As added by P.L.251-1995, SEC.17.
Indiana Legal Code