Indiana Code 27-1-12.8-13. “Principal based valuation”
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Sec. 13. On and after the operative date of the Valuation Manual specified in section 34 of this chapter, as used in this chapter, “principal based valuation” means a reserve valuation that:
(2) is required to comply with section 35 of this chapter as specified in the Valuation Manual.
(1) uses at least one (1) method or assumption determined by the insurer; and
Terms Used In Indiana Code 27-1-12.8-13
- insurer: means a company, firm, partnership, association, order, society or system making any kind or kinds of insurance and shall include associations operating as Lloyds, reciprocal or inter-insurers, or individual underwriters. See Indiana Code 27-1-2-3
As added by P.L.276-2013, SEC.10. Amended by P.L.124-2018, SEC.21.