Indiana § 27-1-12.5-9 Allowance for lapse of time and payment of scheduled considerations

Indiana Statutes

§ 27-1-12.5-9 — Allowance for lapse of time and payment of scheduled considerations

Indiana § 27-1-12.5-9

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 12.5Nonforfeiture Provisions of Annuity Contracts

This text of Indiana § 27-1-12.5-9 (Allowance for lapse of time and payment of scheduled considerations) 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 § 27-1-12.5-9 (2026).

Text

Under any annuity contract with fixed
scheduled considerations, any paid-up annuity, cash surrender or death
benefits available at any time, other than on the contract anniversary,
shall be calculated with allowance for the lapse of time and the
payment of any scheduled considerations beyond the beginning of the
contract year in which cessation of payment of considerations under the
contract occurs.
As added by Acts 1977, P.L.286, SEC.1.

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Under any annuity contract with fixed
scheduled considerations, any paid-up annuity, cash surrender or death
benefits available at any time, other than on the contract anniversary,
shall be calculated with allowance for the lapse of time and the
payment of any scheduled considerations beyond the beginning of the
contract year in which cessation of payment of considerations under the
contract occurs.
As added by Acts 1977, P.L.286, SEC.1.