Indiana Statutes

§ 27-1-12.6-6 — Disclosures

Indiana § 27-1-12.6-6
JurisdictionIndiana
Title 27INSURANCE
Art. 1DEPARTMENT OF INSURANCE
Ch. 12.6General Provisions of Annuity Contracts

This text of Indiana § 27-1-12.6-6 (Disclosures) 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 § 27-1-12.6-6 (2026).

Text

If an annuity contract does not provide a cash surrender benefit or a death benefit prior to the commencement of any annuity payments at least equal to the minimum nonforfeiture amounts provided in IC 27-1-12.5, the company shall, in addition to the disclosures provided in IC 27-1-12.5-8, make such disclosures as the commissioner by regulation shall provide, including, but not limited to, the following:

(1)The execution by the purchaser of a statement in such form as the commissioner may approve, stating specifically the following, as appropriate:
(i)the only nonforfeiture value provided by the contract is a paid-up benefit;
(ii)the contract provides no cash surrender value;
(iii)the contract provides no benefit should the purchaser die before maturity.
(2)The form shall be made a par

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Bluebook (online)
Indiana § 27-1-12.6-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-1-12.6-6.