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2018 Indiana Code
TITLE 27. Insurance
ARTICLE 1. DEPARTMENT OF INSURANCE
CHAPTER 12.5. Nonforfeiture Provisions of Annuity Contracts
27-1-12.5-7. Maturity date determination
Universal Citation: IN Code § 27-1-12.5-7 (2018)
IC 27-1-12.5-7 Maturity date determination
Sec. 7. For the purpose of determining the benefits calculated under sections 5 and 6, in the case of an annuity contract under which an election may be made to have annuity payments commence at optional maturity dates, the maturity date shall be deemed to be the latest date for which election shall be permitted by the contract, but shall not be deemed to be later than the anniversary of the contract next following the annuitant's seventieth birthday or the tenth anniversary of the contract, whichever is later.
As added by Acts 1977, P.L.286, SEC.1.
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