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2024 Indiana Code
Title 27. Insurance
Article 1. Department of Insurance
Chapter 12.6. General Provisions of Annuity Contracts
27-1-12.6-3. Cash Surrender Value Table
Universal Citation:
IN Code § 27-1-12.6-3 (2024)
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Sec. 3. Each annuity contract providing for single or fixed scheduled considerations shall contain a table showing the cash surrender value, if any, available under the contract on each contract anniversary date, during the first twenty (20) contract years or during the term of the contract, whichever is shorter. Such table shall be calculated upon the assumptions that there are no additional amounts credited by the company to the contract, that there is no indebtedness to the company on account of or secured by the contract and that there are no prior withdrawals from or partial surrender of the contract.
As added by Acts 1977, P.L.286, SEC.2.
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