Sec. 16. As used in this chapter, "tail risk" means a risk that occurs where: (1) the frequency of low probability events is higher than expected under a normal probability distribution; or (2) there are observed events of very significant size or magnitude. As added by P.L.276-2013, SEC.10.
"Tail risk"
Ind. Code § 27-1-12.8-16, under Standard Valuation Law.
Ind. Code § 27-1-12.8-16