IC 27-1-12.7-6 — Funding agreements interpretation
Chapter 12.7. Funding Agreements
Section text
Sec. 6. The issuance of a funding agreement: (1) constitutes an activity necessary, convenient, or expedient to the business of a life insurance company under IC 27-1-7-2; (2) is not insurance under IC 27-1-5-1; (3) is not a security (as defined in IC 23-19-1-2(28)); and (4) does not constitute gross premium for taxation purposes under IC 27-1-18-2.
As added by P.L.178-2003, SEC.18. Amended by P.L.27-2007, SEC.25.
Source: official publisher (2026 edition)