{"data":{"id":"us-in/ic-27-1-12.8-32","jurisdiction":"us-in","citation":"IC 27-1-12.8-32","heading":"Minimum reserve requirement for certain contracts","body":"Sec. 32. In the case of:\n(1) a plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the company based on estimates of future experience; or\n(2) a contract of life insurance or annuity that is of such a nature that the minimum reserves cannot be determined by the methods described in sections 27, 28, and 31 of this chapter;\nthe reserves that are held under the contract must be appropriate in relation to the benefits and pattern of premiums for the contract and computed by a method that is consistent with the principles of this chapter, as determined under rules adopted by the commissioner under IC 4-22-2.","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#27-1-12.8-32","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"23f7dc1ef1268dbf2ab10d996d15620a8c9f96711d4e53bec204904abdf024e8","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-12.8-31","next":"us-in/ic-27-1-12.8-33"},"notice":"GroundRules: Original legal text. Not legal advice."}