Indiana Code
Chapter 12.8. Standard Valuation Law
27-1-12.8-7. "Contractholder Behavior"

Sec. 7. (a) As used in this chapter, "contractholder behavior" means an action taken by a contract holder, certificate holder, or another person possessing the right to elect options, including:
(1) lapse;
(2) withdrawal;
(3) transfer;
(4) deposit;
(5) premium payment;
(6) loan;
(7) annuitization;
(8) benefit elections; and
(9) other options;
under the contract.
(b) As used in this chapter, "contractholder behavior" does not include events of mortality or morbidity resulting in benefits prescribed according to the terms of the contract.
As added by P.L.276-2013, SEC.10.

Structure Indiana Code

Indiana Code

Title 27. Insurance

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"

27-1-12.8-4. "Company"

27-1-12.8-5. "Confidential Information"

27-1-12.8-6. "Contract"

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"

27-1-12.8-11. "Naic"

27-1-12.8-12. "Plan Type"

27-1-12.8-13. "Principal Based Valuation"

27-1-12.8-14. "Qualified Actuary"

27-1-12.8-15. "Reserves"

27-1-12.8-16. "Tail Risk"

27-1-12.8-17. Repealed

27-1-12.8-18. Net Reserve Value of Contracts Issued Before Transition Date or January 1, 1948; Mortality Tables

27-1-12.8-19. Valuation of Contracts, Annuities, and Endowment Contracts After Transition Date or January 1, 1948, and Before Operative Date of Valuation Manual

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

27-1-12.8-25. Minimum Standard for Valuation of Annuities and Pure Endowment 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

27-1-12.8-34. Minimum Standard of Valuation for Contracts Issued on or After Operative Date of Valuation Manual; Operative Date Determination; Changes to Valuation Manual; Requirements

27-1-12.8-35. Principal Based Valuation for Contracts on and After Operative Date of Valuation Manual

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

27-1-12.8-40. Conflict of Laws; Application of Chapter