{"data":{"id":"us-in/ic-27-1-12.8-16","jurisdiction":"us-in","citation":"IC 27-1-12.8-16","heading":"\"Tail risk\"","body":"Sec. 16. As used in this chapter, \"tail risk\" means a risk that occurs where:\n(1) the frequency of low probability events is higher than expected under a normal probability distribution; or\n(2) there are observed events of very significant size or magnitude.","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#27-1-12.8-16","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"b78eeb6600408b90c5737dde85e78521420dab620ae4e3af9a9720e274acd060","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-12.8-15","next":"us-in/ic-27-1-12.8-17"},"notice":"GroundRules: Original legal text. Not legal advice."}