Indiana § 27-11-6-12 - Cash surrender value, loans, or other options
Full text of Indiana Indiana Code § 27-11-6-12 — Cash surrender value, loans, or other options, with citation guidance and answers to common questions.
§ 27-11-6-12. Cash surrender value, loans, or other options
Sec. 12. (a) For certificates issued before January 1, 1987, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or other option granted shall comply with the provisions of law applicable on December 31, 1985.
(b) For certificates issued after December 31, 1986, for which reserves are computed on the Commissioner's 1941 Standard Ordinary Mortality Table, the Commissioner's 1941 Standard Industrial Table, the Commissioner's 1958 Standard Ordinary Mortality Table, the Commissioner's 1980 Standard Mortality Table, the Commissioner's 2017 Standard Mortality Table, or any more recent table made applicable to life insurers and approved by the commissioner in rules adopted under IC 4-22-2, every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or other option granted shall not be less than the corresponding amount ascertained in accordance with the laws of this state applicable to life insurers issuing policies containing like benefits based upon the tables.
As added by P.L.262-1985, SEC.1. Amended by P.L.124-2018, SEC.85.
IC 27-11-7Chapter 7. Financial Matters
27-11-7-1Investments 27-11-7-2Financial affairs of fraternal benefit societies 27-11-7-3Law governing financial matters 27-11-7-4Designation as charitable or benevolent institution
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-11-6-12
What does Indiana Code § 27-11-6-12 cover?
Section 27-11-6-12 ("Cash surrender value, loans, or other options") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 27-11-6-12?
A common citation format is "Indiana Code § 27-11-6-12" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 27-11-6-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.