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.
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