Indiana Code § 27-1-12.7-10

Regulation; funding agreement not a covered policy; claim for payments; assets in segregated asset account
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Sec. 10. Notwithstanding any other provision of law: (1) the commissioner has the sole authority to regulate the issuance and sale of funding agreements; (2) a funding agreement is not considered a covered policy under IC 27-8-8-2.3 (d); (3) a claim for payments under a funding agreement must be treated as a loss claim described in Class 2 of IC 27-9-3-40 ; and (4) assets supporting a funding agreement in a segregated asset account under section 8 of this chapter are subject to IC 27-9-3-40.5 and Class 1(c) of IC 27-1-5-1 .   IC 27-1-12.8 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"Qualified actuary"             27-1-12.8-15 "Reserves"             27-1-12.8-16 "Tail risk"             27-1-12.8-17 Repealed             27-1-12.8-18 Net reserve value of contracts issued before transition date or January 1, 1948; mortality tables             27-1-12.8-19 Valuation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

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