There is a newer version
of
this Section
2019 Indiana Code
Title 27. Insurance
Article 1. Department of Insurance
Chapter 43.2. Service Contracts
27-1-43.2-13. Service contract reimbursement policy form
Universal Citation: IN Code § 27-1-43.2-13 (2019)
IC 27-1-43.2-13 Service contract reimbursement policy form
Sec. 13. Except as provided in section 14 of this chapter, a service contract reimbursement policy may not be offered, sold, or issued in Indiana unless the service contract reimbursement policy conspicuously states that the insurer will do either of the following:
(1) Pay all sums that the provider is obligated to pay under service contracts issued by the provider and outstanding in Indiana.
(2) In the event of the provider's nonperformance under a service contract issued by the provider and outstanding in Indiana, perform or pay for the performance of services that the provider:
(A) is obligated to perform under the service contract; and
(B) failed to perform.
As added by P.L.129-2014, SEC.10.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
