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Ind. Code § 27-1-12.8-16

"Tail risk"

Indiana · Indiana Code Title 27 — Insurance · Status: effective

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Ind. Code § 27-1-12.8-16, "Tail risk", Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1661763
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Sec. 16. As used in this chapter, "tail risk" means a risk that occurs where: (1) the frequency of low probability events is higher than expected under a normal probability distribution; or (2) there are observed events of very significant size or magnitude.