Indiana § 27-1-12.8-32 Minimum reserve requirement for certain contracts

Indiana Statutes

§ 27-1-12.8-32 — Minimum reserve requirement for certain contracts

Indiana § 27-1-12.8-32

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 12.8Standard Valuation Law

This text of Indiana § 27-1-12.8-32 (Minimum reserve requirement for certain contracts) 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 § 27-1-12.8-32 (2026).

Text

In the case of:

(1)a plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the company based on estimates of future experience; or

(2)a contract of life insurance or annuity that is of such a nature that the minimum reserves cannot be determined by the methods described in sections 27, 28, and 31 of this chapter; the reserves that are held under the contract must be appropriate in relation to the benefits and pattern of premiums for the contract and computed by a method that is consistent with the principles of this chapter, as determined under rules adopted by the commissioner under IC 4-22-2.

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In the case of:
(1) a plan of life insurance that provides for future premium
determination, the amounts of which are to be determined by the
company based on estimates of future experience; or
(2) a contract of life insurance or annuity that is of such a nature
that the minimum reserves cannot be determined by the methods
described in sections 27, 28, and 31 of this chapter;
the reserves that are held under the contract must be appropriate in
relation to the benefits and pattern of premiums for the contract and
computed by a method that is consistent with the principles of this
chapter, as determined under rules adopted by the commissioner under
IC 4-22-2.