Sec. 4. An annuity contract shall not contain a provision wherein life insurance premium or annuity consideration payments may be automatically made by the company by withdrawing from or placing a loan against annuity nonforfeiture values provided under the contract.
As added by Acts 1977, P.L.286, SEC.2.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 12.6. General Provisions of Annuity Contracts
27-1-12.6-1. Application of Law
27-1-12.6-2. Calculation of Paid-Up Nonforfeiture Benefits
27-1-12.6-3. Cash Surrender Value Table
27-1-12.6-4. Automatic Payments
27-1-12.6-5. Right to Return Contracts
27-1-12.6-7. Rules and Regulations