# Ind. Code § 27-1-12.7-5: Issuance or issuance for delivery of funding agreements

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C12.7_S27-1-12.7-5

## Section

- **Citation:** Ind. Code § 27-1-12.7-5
- **Heading:** Issuance or issuance for delivery of funding agreements
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 27 / Article 1 / Chapter 12.7 / Section 27-1-12.7-5

## Text

Sec. 5. A life insurance company may issue or issue for delivery in Indiana a funding agreement to the following:

(1) A person authorized by a state or foreign country to engage in an insurance business or a subsidiary of an insurance business.

(2) A person who uses the funding agreement for the purpose of funding:

(A) benefits under an employee benefit plan (as defined in the federal Employee Retirement Security Act of 1974, 29 U.S.C. 1001 et seq.);

(B) the activities of a nonprofit organization exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code or a similar nonprofit organization domiciled in a foreign country;

(C) a program of:

(i) the United States government;

(ii) a state government;

(iii) a political subdivision;

(iv) a foreign country; or

(v) an agency or instrumentality of the United States or a state government, a political subdivision, or a foreign country;

(D) an agreement providing for periodic payments in satisfaction of a claim;

(E) a program of an institution with assets exceeding twenty-five million dollars ($25,000,000);

(F) a program in which a business entity, including a trust:

(i) purchases and holds funding agreements; and

(ii) issues securities by using the funding agreement to finance or collateralize the securities; or

(G) any program or activity substantially similar to a program or an activity described in clauses (A) through (F) that is first authorized by the commissioner.

As added by P.L.178-2003, SEC.18.

## Nearby sections

- [Ind. Code § 27-1-12.7-1 "Funding agreement"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C12.7_S27-1-12.7-1.md)
- [Ind. Code § 27-1-12.7-2 "Holder"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C12.7_S27-1-12.7-2.md)
- [Ind. Code § 27-1-12.7-3 "Life insurance company"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C12.7_S27-1-12.7-3.md)
- [Ind. Code § 27-1-12.7-4 "Optional modes of settlement"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C12.7_S27-1-12.7-4.md)
- [Ind. Code § 27-1-12.7-5 Issuance or issuance for delivery of funding agreements](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C12.7_S27-1-12.7-5.md)
- [Ind. Code § 27-1-12.7-6 Funding agreements interpretation](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C12.7_S27-1-12.7-6.md)
- [Ind. Code § 27-1-12.7-7 Guaranteed or credited amounts under funding agreements](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C12.7_S27-1-12.7-7.md)
- [Ind. Code § 27-1-12.7-8 Segregated asset accounts](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C12.7_S27-1-12.7-8.md)
- [Ind. Code § 27-1-12.7-9 Commissioner; conditions; rules](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C12.7_S27-1-12.7-9.md)
- [Ind. Code § 27-1-12.7-10 Regulation; funding agreement not a covered policy; claim for payments; assets in segregated asset account](https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C12.7_S27-1-12.7-10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C12.7_S27-1-12.7-5. Check the current official text before relying on it. Not legal advice.