{"data":{"id":"us-in/ic-27-1-12.7-10","jurisdiction":"us-in","citation":"IC 27-1-12.7-10","heading":"Regulation; funding agreement not a covered policy; claim for payments; assets in segregated asset account","body":"Sec. 10. Notwithstanding any other provision of law:\n(1) the commissioner has the sole authority to regulate the issuance and sale of funding agreements;\n(2) a funding agreement is not considered a covered policy under IC 27-8-8-2.3(d);\n(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\n(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.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 12.7. Funding Agreements"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-12.7-10","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"50b7d381e3a5baaa7190a196a9e9cdc2bc3ed3fd504dfa2db409de6d21075a46","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-12.7-9","next":"us-in/ic-27-1-12.8-1"},"notice":"GroundRules: Original legal text. Not legal advice."}