Indiana § 27-1-12.8-19 Valuation of contracts, annuities, and endowment contracts after
transition date or January 1, 1948, and before operative date of
valuation manual

Indiana Statutes

§ 27-1-12.8-19 — Valuation of contracts, annuities, and endowment contracts after transition date or January 1, 1948, and before operative date of valuation manual

Indiana § 27-1-12.8-19

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 12.8Standard Valuation Law

This text of Indiana § 27-1-12.8-19 (Valuation of contracts, annuities, and endowment contracts after transition date or January 1, 1948, and before operative date of valuation manual) 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 § 27-1-12.8-19 (2026).

Text

(a)The commissioner shall annually value or cause to be valued the reserves for all outstanding life insurance contracts and annuity and pure endowment contracts:

(1)of each company doing business in Indiana; and

(2)issued on or after the transition date selected by the company under IC 27-1-12-12, the transition date in no event to be later than January 1, 1948, and before the operative date of the valuation manual.

(b)In calculating reserves, the commissioner may use group methods and approximate averages for fractions of a year or otherwise. In lieu of the valuation of the reserves required of a foreign or alien company, the commissioner may accept a valuation made, or caused to be made, by the insurance supervisory official of another state or jurisdiction when the valuation compli

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(a) The commissioner shall annually value
or cause to be valued the reserves for all outstanding life insurance
contracts and annuity and pure endowment contracts:
(1) of each company doing business in Indiana; and
(2) issued on or after the transition date selected by the company
under IC 27-1-12-12, the transition date in no event to be later
than January 1, 1948, and before the operative date of the
valuation manual.
(b) In calculating reserves, the commissioner may use group
methods and approximate averages for fractions of a year or otherwise.
In lieu of the valuation of the reserves required of a foreign or alien
company, the commissioner may accept a valuation made, or caused to
be made, by the insurance supervisory official of another state or
jurisdiction when the valuation complies with the minimum standard
provided in sections 19 through 40 of this chapter.
(c) Sections:
(1) 24 through 33 of this chapter apply to all contracts, as
appropriate, issued on or after the transition date selected by a
company under IC 27-1-12-12, the transition date in no event to
be later than January 1, 1948, and before the operative date of the
valuation manual; and
(2) 34 and 35 of this chapter do not apply to contracts described
in subdivision (1).
(d) The minimum standard for the valuation of contracts issued
before the transition date selected by a company under IC 27-1-12-12,
the transition date in no event to be later than January 1, 1948, is the
minimum standard specified in section 18 of this chapter.