Sec. 8. (a) Before the operative date of the valuation manual specified in section 34 of this chapter, as used in this chapter, “deposit type contract” means a contract that does not incorporate mortality or morbidity risk.

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Terms Used In Indiana Code 27-1-12.8-8

  • Contract: A legal written agreement that becomes binding when signed.
  • contract: means a contract or a policy. See Indiana Code 27-1-12.8-6
     (b) On and after the operative date of the valuation manual specified in section 34 of this chapter, as used in this chapter, “deposit type contract” means a contract that does not incorporate mortality or morbidity risk and as may be specified in the valuation manual.

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

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