Indiana Code 27-1-12.7-4. “Optional modes of settlement”
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Terms Used In Indiana Code 27-1-12.7-4
- funding agreement: means an agreement that:
Indiana Code 27-1-12.7-1
- holder: means a person described in section 5 of this chapter that is issued a funding agreement by a life insurance company. See Indiana Code 27-1-12.7-2
Sec. 4. As used in this chapter, “optional modes of settlement” means the manner in which the funding agreement is structured to repay interest and principal to the holder.
As added by P.L.178-2003, SEC.18.