Indiana Code 27-1-12.8-16. “Tail risk”

Current as of: 2024 | Check for updates | Other versions

Sec. 16. As used in this chapter, “tail risk” means a risk that occurs where:

(1) the frequency of low probability events is higher than expected under a normal probability distribution; or

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(2) there are observed events of very significant size or magnitude.

As added by P.L.276-2013, SEC.10.