# Ind. Code § 27-1-12.7-6: Funding agreements interpretation

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T27_A1_C12.7_S27-1-12.7-6

## Section

- **Citation:** Ind. Code § 27-1-12.7-6
- **Heading:** Funding agreements interpretation
- **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 27-1-12.7-6

## 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.

## 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_S27-1-12.7-6. Check the current official text before relying on it. Not legal advice.