Indiana § 27-1-12.8-12 "Plan type"

Indiana Statutes

§ 27-1-12.8-12 — "Plan type"

Indiana § 27-1-12.8-12

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 12.8Standard Valuation Law

This text of Indiana § 27-1-12.8-12 ("Plan type") 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 § 27-1-12.8-12 (2026).

Text

As used in this chapter, "plan type" refers to the following:

(1)"Plan Type A" means a plan type for which a contractholder:

(A)may not withdraw funds; or

(B)at any time may withdraw funds only:

(i)with an adjustment to reflect changes in interest rates or asset values occurring after receipt of the funds by the company;

(ii)without an adjustment, but with installments over at least five (5) years; or

(iii)as an immediate life annuity.

(2)"Plan Type B" means a plan type for which:

(A)before expiration of the interest rate guarantee, a contractholder may not withdraw funds, or may withdraw funds only:

(i)with an adjustment to reflect changes in interest rates or asset values occurring after receipt of the funds by the company; or

(ii)without an adjustment, but in installments over

Free access — add to your briefcase to read the full text and ask questions with AI

As used in this chapter, "plan type" refers
to the following:
(1) "Plan Type A" means a plan type for which a contractholder:
(A) may not withdraw funds; or
(B) at any time may withdraw funds only:
(i) with an adjustment to reflect changes in interest rates or
asset values occurring after receipt of the funds by the
company;
(ii) without an adjustment, but with installments over at least
five (5) years; or
(iii) as an immediate life annuity.
(2) "Plan Type B" means a plan type for which:
(A) before expiration of the interest rate guarantee, a
contractholder may not withdraw funds, or may withdraw funds
only:
(i) with an adjustment to reflect changes in interest rates or
asset values occurring after receipt of the funds by the
company; or
(ii) without an adjustment, but in installments over at least
five (5) years; and
(B) at the expiration of the interest rate guarantee, funds may be
withdrawn without an adjustment in a single sum or
installments over less than five (5) years.
(3) "Plan Type C" means a plan type for which a contractholder
may withdraw funds before expiration of the interest rate
guarantee in a single sum or installments over less than five (5)
years:
(A) without adjustment to reflect changes in interest rates or
asset values occurring after receipt of the funds by the
company; or
(B) subject only to a fixed surrender charge stipulated in the
contract as a percentage of the fund.