Indiana Statutes
§ 27-9-3-40.5 — Segregated investment accounts
Indiana § 27-9-3-40.5
This text of Indiana § 27-9-3-40.5 (Segregated investment accounts) 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 § 27-9-3-40.5 (2026).
Text
5.
(a)A claim under a contract that is funded
by an account established under IC 27-1-5-1 as a segregated investment
account must be satisfied from the assets maintained in the account.
The segregated investment account is not chargeable with a liability
arising out of other business that the insurer conducts that has no
specific relation to or dependence on the account.
(b)Surplus remaining in a segregated investment account by virtue
of a guarantee by the insurer as described in IC 27-1-5-1 must be
included in the assets of the insurer's estate.
(c)A deficit in a segregated investment account by virtue of a
guarantee by an insurer as described in IC 27-1-5-1 must be treated as
a Class 2 claim under section 40 of this chapter.
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Legislative History
As added by P.L.130-2002, SEC.4.
Nearby Sections
15
§ 27-1-1-1
Creation; functions§ 27-1-1-2
Insurance commissioner§ 27-1-1-3
Personnel§ 27-1-1-4
Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10
"Annual Statement Blank"§ 27-1-1.5-11
"Annual Statement Instructions"§ 27-1-1.5-12
"Current Dental Terminology"; "CDT"§ 27-1-1.5-13
"Current Procedural Terminology"; "CPT"§ 27-1-1.5-15
"Financial Analysis Handbook"§ 27-1-1.5-16
"Financial Condition Examiner's Handbook"§ 27-1-1.5-18
"Healthcare Common Procedure Coding System"; "HCPCS"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 27-9-3-40.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-9-3-40.5.