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.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 12.8. Standard Valuation Law
27-1-12.8-1. "Accident and Sickness Insurance"
27-1-12.8-2. "Appointed Actuary"
27-1-12.8-3. "Change in Fund Basis"
27-1-12.8-5. "Confidential Information"
27-1-12.8-7. "Contractholder Behavior"
27-1-12.8-8. "Deposit Type Contract"
27-1-12.8-9. "Issue Year Basis"
27-1-12.8-10. "Life Insurance"
27-1-12.8-13. "Principal Based Valuation"
27-1-12.8-14. "Qualified Actuary"
27-1-12.8-20. Annual Reserve Valuation
27-1-12.8-21. Annual Submission of Qualified Actuary Opinion; Requirements
27-1-12.8-22. Supporting Memorandum; Confidentiality and Privilege
27-1-12.8-23. Annual Submission of Appointed Actuary Opinion; Supporting Memorandum; Requirements
27-1-12.8-24. Minimum Standard for Valuation of Contracts; Mortality Tables
27-1-12.8-26. Interest Rates in Determining Minimum Standard for Valuation
27-1-12.8-27. Reserves According to Commissioners Reserve Valuation Method
27-1-12.8-28. Reserves According to Commissioners Annuity Reserve Method
27-1-12.8-29. Aggregate Reserves
27-1-12.8-30. Reserves; Calculation
27-1-12.8-31. Minimum Reserve Requirement Related to Gross Premium
27-1-12.8-32. Minimum Reserve Requirement for Certain Contracts
27-1-12.8-33. Accident and Sickness Insurance Contracts
27-1-12.8-36. Submission of Data Prescribed by Valuation Manual
27-1-12.8-37. Confidential Information
27-1-12.8-38. Confidential Information; Release
27-1-12.8-39. Exemptions of Certain Products From Requirements