Indiana § 27-1-12.4-2 Annuities exempt from regulation

Indiana Statutes

§ 27-1-12.4-2 — Annuities exempt from regulation

Indiana § 27-1-12.4-2

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 12.4Charitable Gift Annuities

This text of Indiana § 27-1-12.4-2 (Annuities exempt from regulation) 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 § 27-1-12.4-2 (2026).

Text

An annuity is not subject to regulation by the department under IC 27 if the annuity:

(1)is established under a transaction that, for federal income tax purposes, is treated:

(A)in part as a charitable contribution under Section 170 of the Internal Revenue Code; and

(B)in part as an investment in an annuity contract under Section 72 of the Internal Revenue Code; and

(2)meets the requirements for exclusion from the definition of "acquisition indebtedness" under Section 514(c)(5) of the Internal Revenue Code.

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An annuity is not subject to regulation by the
department under IC 27 if the annuity:
(1) is established under a transaction that, for federal income tax
purposes, is treated:
(A) in part as a charitable contribution under Section 170 of the
Internal Revenue Code; and
(B) in part as an investment in an annuity contract under
Section 72 of the Internal Revenue Code; and
(2) meets the requirements for exclusion from the definition of
"acquisition indebtedness" under Section 514(c)(5) of the Internal
Revenue Code.