Sec. 2. An annuity is not subject to regulation by the department under IC 27 if the annuity: (1) is established under a transaction that, for federal income tax purposes, is treated: (A) in part as a charitable contribution under Section 170 of the Internal Revenue Code; and (B) in part as an investment in an annuity contract under Section 72 of the Internal Revenue Code; and (2) meets the requirements for exclusion from the definition of "acquisition indebtedness" under Section 514(c)(5) of the Internal Revenue Code. IC 27-1-12.5 Chapter 12.5. Nonforfeiture Provisions of Annuity Contracts 27-1-12.5-0.1 Application of certain amendments to chapter 27-1-12.5-1 "Annuity contract" defined 27-1-12.5-2 Provisions of contract 27-1-12.5-3 Minimum nonforfeiture amounts 27-1-12.5-4 Paid-up benefits 27-1-12.5-5 Cash surrender benefits 27-1-12.5-6 Paid-up annuity benefit available as nonforfeiture option where no cash surrender benefits 27-1-12.5-7 Maturity date determination 27-1-12.5-8 Statement of benefits not provided 27-1-12.5-9 Allowance for lapse of time and payment of scheduled considerations 27-1-12.5-10 Life insurance; additional benefits 27-1-12.5-11 Rules
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