Indiana § 27-1-12.8-29 Aggregate reserves

Indiana Statutes

§ 27-1-12.8-29 — Aggregate reserves

Indiana § 27-1-12.8-29

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 12.8Standard Valuation Law

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Bluebook

Ind. Code § 27-1-12.8-29 (2026).

Text

(a)A company's aggregate reserves for all contracts, excluding disability and accidental death benefits, 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, must not be less than the aggregate reserves calculated in accordance with sections 27, 28, 31, and 32 of this chapter and the mortality tables and rates of interest used in calculating nonforfeiture benefits for the contracts.

(b)The aggregate reserves for all contracts and benefits must not be less than the aggregate reserves determined by the appointed actuary to be necessary to render an opinion required by section 21 or 23 of this chapter.

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(a) A company's aggregate reserves for all
contracts, excluding disability and accidental death benefits, 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, must not be less than the aggregate reserves calculated in
accordance with sections 27, 28, 31, and 32 of this chapter and the
mortality tables and rates of interest used in calculating nonforfeiture
benefits for the contracts.
(b) The aggregate reserves for all contracts and benefits must not be
less than the aggregate reserves determined by the appointed actuary
to be necessary to render an opinion required by section 21 or 23 of this
chapter.