Indiana § 27-1-12-2.5 Investments; assets of certain segregated investment accounts;
limitations and exceptions

Indiana Statutes

§ 27-1-12-2.5 — Investments; assets of certain segregated investment accounts; limitations and exceptions

Indiana § 27-1-12-2.5

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 12Life Insurance Company Powers and Policy

This text of Indiana § 27-1-12-2.5 (Investments; assets of certain segregated investment accounts; limitations and exceptions) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-1-12-2.5 (2026).

Text

5.

(a)A domestic life insurance company, which has a segregated account or accounts in relation to contracts to which class 1(c) of IC 27-1-5-1 applies, is governed as to its investment of assets by the investment limitations of section 2 of this chapter with the following exceptions:

(1)the limitations prescribed in paragraph 22 of section 2(b) of this chapter are not applicable to investments in relation to such segregated account or accounts;

(2)investments under paragraph 20 of section 2(b) of this chapter are solely limited to ten percent (10%) of the assets of such segregated account; and

(3)the limitations in sections 2 and 3 of this chapter do not apply with regard to contributions, premiums, or considerations made by holders of pension contracts issued by a domestic life insur

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5. (a) A domestic life insurance company,
which has a segregated account or accounts in relation to contracts to
which class 1(c) of IC 27-1-5-1 applies, is governed as to its investment
of assets by the investment limitations of section 2 of this chapter with
the following exceptions:
(1) the limitations prescribed in paragraph 22 of section 2(b) of
this chapter are not applicable to investments in relation to such
segregated account or accounts;
(2) investments under paragraph 20 of section 2(b) of this chapter
are solely limited to ten percent (10%) of the assets of such
segregated account; and
(3) the limitations in sections 2 and 3 of this chapter do not apply
with regard to contributions, premiums, or considerations made
by holders of pension contracts issued by a domestic life
insurance company, which has net assets of at least twenty-five
million dollars ($25,000,000) at the end of the preceding calendar
year and which has allocated such contributions, premiums, or
considerations to a segregated investment account or accounts.
(b) Nothing in section 2 of this chapter or this section prohibits the
investment of all assets of a segregated account or accounts in any
open-end diversified management company registered under the
federal Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.).
(c) Pension contracts for the purposes of subsection (a)(3) means
contracts to which both class 1(c) of IC 27-1-5-1 applies and which are
issued in connection with a plan or other arrangement described in
section 3(a)(2) of the Securities Act of 1933, (15 U.S.C. 77c(a)(2)).
The term also includes agreements reinsuring other insurers' contracts
which were issued in connection with plans or other arrangements
described in 15 U.S.C. 77c(a)(2).
As added by Acts 1981, P.L.236, SEC.2. Amended by
P.L.186-1997, SEC.4.