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344 chapters · 3,652 sections in this title.
Ind. Code § 27-1-12.7-1 "Funding agreement"
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Sec. 1. As used in this chapter, "funding agreement" means an agreement that: (1) is issued by a life insurance company to a holder; (2) authorizes a life insurance company to accept funds; and (3) provides for an accumulation of the funds for the purpose of making one (1) or mor…
Ind. Code § 27-1-12.7-10 Regulation; funding agreement not a covered policy; claim for payments; assets in segregated asset account
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Sec. 10. Notwithstanding any other provision of law: (1) the commissioner has the sole authority to regulate the issuance and sale of funding agreements; (2) a funding agreement is not considered a covered policy under IC 27-8-8-2.3(d); (3) a claim for payments under a funding ag…
Ind. Code § 27-1-12.7-2 "Holder"
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Sec. 2. As used in this chapter, "holder" means a person described in section 5 of this chapter that is issued a funding agreement by a life insurance company. As added by P.L.178-2003, SEC.18.
Ind. Code § 27-1-12.7-3 "Life insurance company"
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Sec. 3. As used in this chapter, "life insurance company" means a life insurance company authorized to issue a product described in Class 1(c) of IC 27-1-5-1. As added by P.L.178-2003, SEC.18.