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344 chapters · 3,652 sections in this title.
Ind. Code § 27-1-12.3-1 Definitions
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Sec. 1. As used in this chapter: (a) "Published monthly average" means: (1) Moody's corporate bond yield average-monthly average corporates as published by Moody's Investors Service, Inc.; or (2) in the event that the Moody's corporate bond yield average-monthly average corporate…
Ind. Code § 27-1-12.3-2 Required provisions in policies
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Sec. 2. Policies issued after August 31, 1983, must contain a provision for policy loan interest rates permitting: (1) a maximum interest rate of not more than eight percent (8%) per year; or (2) an adjustable interest rate established from time to time as follows: (A) The maximu…
Ind. Code § 27-1-12.3-3 Variable interest rate loans; duties of insurer
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Sec. 3. With respect to variable interest rate loans under section 2 of this chapter, the insurer shall: (1) notify the policyholder at the time a cash loan is made of the initial rate of interest on the loan; (2) notify the policyholder as soon as is reasonably practical after a…
Ind. Code § 27-1-12.3-4 Loan value of policy; determination; termination of policy due to increase in interest rate
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Sec. 4. (a) The loan value of a policy shall be determined in accordance with IC 27-1-12-6(8); however, a policy shall not terminate in a policy year as the sole result of an increase in the interest rate and the failure of the policyholder to pay the amount of interest required …