Indiana § 27-1-12.7-1 "Funding agreement"

Indiana Statutes

§ 27-1-12.7-1 — "Funding agreement"

Indiana § 27-1-12.7-1

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 12.7Funding Agreements

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Bluebook

Ind. Code § 27-1-12.7-1 (2026).

Text

As used in this chapter, "funding agreement" means an agreement that:

(1)is issued by a life insurance company to a holder;

(2)authorizes a life insurance company to accept funds; and

(3)provides for an accumulation of the funds for the purpose of making one (1) or more payments at future dates in amounts that are not based on mortality or morbidity contingencies of the holder of the funding agreement.

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As used in this chapter, "funding agreement"
means an agreement that:
(1) is issued by a life insurance company to a holder;
(2) authorizes a life insurance company to accept funds; and
(3) provides for an accumulation of the funds for the purpose of
making one (1) or more payments at future dates in amounts that
are not based on mortality or morbidity contingencies of the
holder of the funding agreement.