Indiana Statutes
§ 27-1-12.6-9 — Disapproval of benefits
Indiana § 27-1-12.6-9
JurisdictionIndiana
Title 27INSURANCE
Art. 1DEPARTMENT OF INSURANCE
Ch. 12.6General Provisions of Annuity Contracts
This text of Indiana § 27-1-12.6-9 (Disapproval of benefits) 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 § 27-1-12.6-9 (2026).
Text
The commissioner may disapprove any
individual annuity contract or contracts issued for delivery in Indiana
which do not provide a cash surrender value in accordance with IC 27-1-12.5 upon cessation of the payment of considerations under the
contract, if in his opinion the annuity would otherwise be misleading,
deceptive or unfair to the purchaser. This provision does not, however,
apply (i) to such contract delivered in connection with a pension,
profit-sharing or employee benefit plan funded in whole or in part by
employer contributions, (ii) to annuities purchased in connection with
the termination or winding up of a pension, profit-sharing, or employee
benefit plan, or (iii) to an individual annuity contract issued by a
company organized and operated without profit to any private
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Nearby Sections
15
§ 27-1-1-1
Creation; functions§ 27-1-1-2
Insurance commissioner§ 27-1-1-3
Personnel§ 27-1-1-4
Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10
"Annual Statement Blank"§ 27-1-1.5-11
"Annual Statement Instructions"§ 27-1-1.5-12
"Current Dental Terminology"; "CDT"§ 27-1-1.5-13
"Current Procedural Terminology"; "CPT"§ 27-1-1.5-15
"Financial Analysis Handbook"§ 27-1-1.5-16
"Financial Condition Examiner's Handbook"§ 27-1-1.5-18
"Healthcare Common Procedure Coding System"; "HCPCS"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 27-1-12.6-9, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-1-12.6-9.