{"data":{"id":"us-in/ic-27-1-12.8-12","jurisdiction":"us-in","citation":"IC 27-1-12.8-12","heading":"\"Plan type\"","body":"Sec. 12. As used in this chapter, \"plan type\" refers to the following:\n(1) \"Plan Type A\" means a plan type for which a contractholder:\n(A) may not withdraw funds; or\n(B) at any time may withdraw funds only:\n(i) with an adjustment to reflect changes in interest rates or asset values occurring after receipt of the funds by the company;\n(ii) without an adjustment, but with installments over at least five (5) years; or\n(iii) as an immediate life annuity.\n(2) \"Plan Type B\" means a plan type for which:\n(A) before expiration of the interest rate guarantee, a contractholder may not withdraw funds, or may withdraw funds only:\n(i) with an adjustment to reflect changes in interest rates or asset values occurring after receipt of the funds by the company; or\n(ii) without an adjustment, but in installments over at least five (5) years; and\n(B) at the expiration of the interest rate guarantee, funds may be withdrawn without an adjustment in a single sum or installments over less than five (5) years.\n(3) \"Plan Type C\" means a plan type for which a contractholder may withdraw funds before expiration of the interest rate guarantee in a single sum or installments over less than five (5) years:\n(A) without adjustment to reflect changes in interest rates or asset values occurring after receipt of the funds by the company; or\n(B) subject only to a fixed surrender charge stipulated in the contract as a percentage of the fund.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 12.8. Standard Valuation Law"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-12.8-12","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"ec1b553c016fd33c4046925ae95139f97c9ca94e053a991d5bf37b6ec376e1ab","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-12.8-11","next":"us-in/ic-27-1-12.8-13"},"notice":"GroundRules: Original legal text. Not legal advice."}