There is a newer version
of
this Section
2018 Indiana Code
TITLE 27. Insurance
ARTICLE 1. DEPARTMENT OF INSURANCE
CHAPTER 12.5. Nonforfeiture Provisions of Annuity Contracts
27-1-12.5-9. Allowance for lapse of time and payment of scheduled considerations
Universal Citation: IN Code § 27-1-12.5-9 (2018)
IC 27-1-12.5-9 Allowance for lapse of time and payment of scheduled considerations
Sec. 9. Under any annuity contract with fixed scheduled considerations, any paid-up annuity, cash surrender or death benefits available at any time, other than on the contract anniversary, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.
As added by Acts 1977, P.L.286, SEC.1.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
