Indiana § 27-1-12.8-7 "Contractholder behavior"

Indiana Statutes

§ 27-1-12.8-7 — "Contractholder behavior"

Indiana § 27-1-12.8-7

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 12.8Standard Valuation Law

This text of Indiana § 27-1-12.8-7 ("Contractholder behavior") 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 § 27-1-12.8-7 (2026).

Text

(a)As used in this chapter, "contractholder behavior" means an action taken by a contract holder, certificate holder, or another person possessing the right to elect options, including:

(1)lapse;

(2)withdrawal;

(3)transfer;

(4)deposit;

(5)premium payment;

(6)loan;

(7)annuitization;

(8)benefit elections; and

(9)other options; under the contract.

(b)As used in this chapter, "contractholder behavior" does not include events of mortality or morbidity resulting in benefits prescribed according to the terms of the contract.

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(a) As used in this chapter, "contractholder
behavior" means an action taken by a contract holder, certificate
holder, or another person possessing the right to elect options,
including:
(1) lapse;
(2) withdrawal;
(3) transfer;
(4) deposit;
(5) premium payment;
(6) loan;
(7) annuitization;
(8) benefit elections; and
(9) other options;
under the contract.
(b) As used in this chapter, "contractholder behavior" does not
include events of mortality or morbidity resulting in benefits prescribed
according to the terms of the contract.