Sec. 13. On and after the operative date of the Valuation Manual specified in section 34 of this chapter, as used in this chapter, "principal based valuation" means a reserve valuation that: (1) uses at least one (1) method or assumption determined by the insurer; and (2) is required to comply with section 35 of this chapter as specified in the Valuation Manual. As added by P.L.276-2013, SEC.10. Amended by P.L.124-2018, SEC.21.
"Principal based valuation"
Ind. Code § 27-1-12.8-13, under Standard Valuation Law.
Ind. Code § 27-1-12.8-13