Sec. 4. "Closed block" means an allocation of assets for a defined group of in force policies which, together with the premiums of those policies and related investment earnings, are expected to be sufficient to maintain the payments of guaranteed benefits, certain expenses, and continuation of the current dividend scale on the closed block, if experience does not change.
As added by P.L.94-1999, SEC.3.
Structure Indiana Code
Article 15. Demutualization of Mutual Insurance Companies
Chapter 1. General Provisions and Definitions
27-15-1-2. Conversion Generally
27-15-1-3. Applicability of Definitions
27-15-1-5. "Company Action Level Rbc"
27-15-1-6. "Converting Mutual"
27-15-1-10. "Membership Interests"