IC 27-1-12.8-13: "Principal based valuation"

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:

(1) uses at least one (1) method or assumption determined by the insurer; and

(2) is required to comply with section 35 of this chapter as specified in the Valuation Manual.